INTERFACE INC·4

Mar 2, 4:20 PM ET

Hausmann Bruce Andrew 4

Research Summary

AI-generated summary

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.