INTERFACE INC·4

Mar 2, 4:20 PM ET

Hausmann Bruce Andrew 4

4 · INTERFACE INC · Filed Mar 2, 2026

Research Summary

AI-generated summary of this filing

Updated

Interface (TILE) CFO Bruce Hausmann Receives Award, Sells 39,693 Shares

What Happened
Bruce Hausmann, Vice President and Chief Financial Officer of Interface, received 55,198 shares as a performance-based award that the filing says satisfied performance criteria and vested on the reported date. To cover tax liabilities tied to that vesting, 39,693 shares were withheld/disposed across Feb 26–27, 2026 for a combined proceeds of approximately $1,260,272 (three dispositions: 4,645 @ $31.79 = $147,665; 24,586 @ $31.79 = $781,589; 10,462 @ $31.64 = $331,018). The acquisition is coded as an award (A); the disposals are coded F (payment of exercise price or tax liability).

Key Details

  • Transaction dates and prices:
    • 2026-02-26: Award of 55,198 shares (A) @ $0.00 (vested/awarded)
    • 2026-02-26: 4,645 shares withheld/disposed @ $31.79 = $147,665 (F)
    • 2026-02-26: 24,586 shares withheld/disposed @ $31.79 = $781,589 (F)
    • 2026-02-27: 10,462 shares withheld/disposed @ $31.64 = $331,018 (F)
  • Total withheld/disposed: 39,693 shares for ≈ $1,260,272.
  • Footnotes in the filing:
    • F1: Performance shares were determined to have met performance criteria and vested on the transaction date.
    • F2: A substantial number of such shares are unvested restricted stock units subject to forfeiture under certain circumstances.
  • Shares owned after the transactions: not specified in the provided filing.
  • Filing timeliness: no late filing indicated in the information provided.

Context
This appears to be a routine tax-withholding event tied to a performance award vesting rather than an open-market sale. Code A indicates an award/grant; code F indicates shares were surrendered/withheld to satisfy tax obligations. Such withholding transactions are common and do not necessarily signal the insider’s view on the company’s stock.

Insider Transaction Report

Form 4
Period: 2026-02-26
Transactions
  • Tax Payment

    Common Stock

    2026-02-26$31.79/sh4,645$147,665149,106 total
  • Award

    Common Stock

    [F1]
    2026-02-26+55,198204,304 total
  • Tax Payment

    Common Stock

    2026-02-26$31.79/sh24,586$781,589179,718 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-27$31.64/sh10,462$331,018169,256 total
Footnotes (2)
  • [F1]Performance shares determined on the reported Transaction Date to have satisfied performance criteria and vested on the reported Transaction Date.
  • [F2]A substantial number of such shares are unvested restricted stock units subject to a risk of forfeiture under certain circumstances.
Signature
/s/ David B. Foshee, Attorney in Fact|2026-03-02

Documents

1 file
  • 4
    primarydocument.xmlPrimary

    PRIMARY DOCUMENT