Hausmann Bruce Andrew 4
Research Summary
AI-generated summary
INTERFACE (TILE) CFO Bruce Hausmann Withholds 2,684 Shares
What Happened
Bruce Andrew Hausmann, Vice President & Chief Financial Officer of Interface, surrendered (disposed) 2,684 shares on Feb 24, 2026 to satisfy a tax liability related to equity awards. The shares were valued at $31.50 each, for a total value of $84,546. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26 (filed within the typical two-business-day window).
- Shares involved: 2,684 surrendered/withheld at $31.50 per share = $84,546.
- Shares owned after the transaction: not specified in the filing.
- Footnote: many of these shares are unvested performance shares and restricted stock units subject to forfeiture under certain circumstances (see F1).
- Transaction type: F = payment of exercise price or tax liability (withholding), a routine settlement of tax obligations rather than a market sale.
Context
This was a tax-withholding event tied to equity awards (likely vesting/settlement), which is generally routine and does not necessarily indicate insider sentiment about the company. For derivative transactions, note that a withholding disposition reduces the insider's share count to satisfy taxes rather than representing a discretionary sale.