Hurd Laurel 4
Research Summary
AI-generated summary
Interface (TILE) CEO Laurel Hurd Withholds 9,753 Shares for Taxes
What Happened
- Laurel Hurd, President & CEO and Director of Interface, surrendered/withheld 9,753 shares to satisfy a tax liability (transaction code F). The shares were recorded at $31.50 per share for a total value of $307,220. This was a tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed within typical Form 4 reporting window).
- Price: $31.50 per share; Shares withheld/disposed: 9,753; Total value: $307,220.
- Transaction code: F — payment of exercise price or tax liability (withholding of shares to cover taxes).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnote: F1 — a substantial number of these shares are unvested performance shares and restricted stock units subject to forfeiture under certain circumstances.
Context
- This was a tax-withholding action (common when awards vest or options are exercised) rather than an intentional open-market sale; such withholdings are routine and do not necessarily indicate a change in the insider’s view of the company.