Form 4: Interface Inc. VP & CFO Bruce Hausmann Reports Stock Disposal
SEC Form 4
Bruce Hausmann, VP & CFO of Interface Inc., disposed of 4,666 shares of common stock on February 26, 2025, to cover tax obligations.
Summary
- On February 26, 2025, Bruce Hausmann, the VP & CFO of Interface Inc., disposed of 4,666 shares of common stock.
- The transaction was executed at a price of $18.87 per share.
- Following the transaction, Hausmann directly owns 170,403 shares of Interface Inc.
- A substantial number of these shares are unvested performance shares and restricted stock units subject to forfeiture under certain circumstances.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock disposal transaction |
| 02/28/2025 | Date of signature on the report |
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