Form 4: Interface VP/Secretary Granted 10,232 Restricted Stock Units

Interface Inc.'s Vice President and Secretary, David B. Foshee, was granted 10,232 restricted stock units, increasing his beneficial ownership to 210,516 shares.

Summary

• David B. Foshee, Vice President and Secretary of Interface Inc. (TILE), acquired 10,232 shares of Common Stock.
• The transaction occurred on January 27, 2026, and the acquisition price was $0.00 per share, indicating a grant.
• These shares are Restricted Stock Units (RSUs) granted under the Company's stock incentive plan.
• The RSUs will vest ratably on the first three anniversaries of the grant date.
• Following this transaction, David B. Foshee beneficially owns 210,516 shares of Common Stock.
• A substantial number of the beneficially owned shares are unvested performance shares and restricted stock units subject to a risk of forfeiture under certain circumstances.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive event, aligning management incentives with long-term shareholder value and promoting retention. The forfeiture risk for unvested shares is standard for such grants.

Positives

• The grant of 10,232 Restricted Stock Units (RSUs) to a key executive aligns management's interests with long-term shareholder value.
• The vesting schedule over three years encourages executive retention and sustained performance.

Risks

• A substantial number of the beneficially owned shares (210,516) are unvested performance shares and restricted stock units, which are subject to a risk of forfeiture under certain circumstances.

Future Outlook

The granted Restricted Stock Units will vest ratably over the next three years, indicating a future increase in the executive's vested ownership, contingent on continued employment and performance conditions.

Industry Context

Executive stock grants, particularly Restricted Stock Units, are a common form of long-term incentive compensation across various industries, designed to align executive performance with shareholder interests and promote retention.

Related Party Transactions

• The grant of Restricted Stock Units to David B. Foshee, an officer of Interface Inc., constitutes an executive compensation arrangement, which is a form of related party transaction.

Stakeholder Impact

• Shareholders: The RSU grant aims to align the interests of the Vice President/Secretary with long-term shareholder value, potentially leading to improved company performance.
• Employees (Executive): David B. Foshee benefits from increased equity ownership and long-term incentive compensation, subject to vesting conditions.

Next Steps

• Vesting of the Restricted Stock Units on the first, second, and third anniversaries of the grant date (January 27, 2027, 2028, and 2029, respectively).

Key Dates

Keywords

Interface Inc, TILE, Form 4, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Stock Grant