Foshee David B 4
Research Summary
AI-generated summary
Interface (TILE) VP/Secretary David B. Foshee Receives Award
What Happened
- David B. Foshee, Vice President and Secretary of Interface, was granted 10,232 restricted stock units (RSUs) on January 27, 2026. The Form 4 shows an acquisition price of $0.00 (award/grant), so this was a compensation award rather than a purchase or sale.
Key Details
- Transaction date: 2026-01-27. Transaction type: Award/Grant (Code A). Shares granted: 10,232 RSUs. Acquisition price shown: $0.00.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Footnotes: F1 — RSUs vest ratably on the first three anniversaries of the grant date. F2 — a substantial number of the shares are unvested performance shares and RSUs subject to forfeiture under specified conditions.
- Filing timeliness: Reported on the same date as the transaction (file date 2026-01-27), indicating timely reporting.
Context
- RSU grants are compensation and not an immediate buy or sell; value is realized only as shares vest (or performance conditions are met). Because many granted units are performance-based and subject to forfeiture, they may not convert into shares unless conditions are satisfied. Such awards are common executive compensation and should be interpreted as part of pay, not a direct signal of immediate insider buying or selling.