Hurd Laurel 4

What Happened
Laurel Hurd, President & CEO and a director of Interface, received a grant of 173,046 performance-based shares that were determined to have vested on Feb 26, 2026. To satisfy tax withholding related to the vesting, a total of 92,443 shares were surrendered (15,368 and 77,075 shares) at $31.79 per share, producing proceeds of $488,549 and $2,450,214 respectively (about $2.94M total). The award is reported as an acquisition at $0 per share (grant).

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (filed timely).
• Award: 173,046 performance shares granted/vested (reported at $0 acquisition price).
• Withholding dispositions: 15,368 shares and 77,075 shares withheld at $31.79 to cover tax obligations; total value withheld ≈ $2,938,763.
• Net shares retained from the award (173,046 − 92,443) = 80,603 shares.
• Footnotes: F1 — these were performance shares determined to have satisfied vesting criteria on the transaction date; F2 — a substantial number of such shares remain as restricted stock units subject to possible forfeiture.
• Filing timeliness: Transaction on Feb 26; Form 4 filed Mar 2 (within the SEC two-business-day window).

Context

• The disposals are tax-withholding actions (code F), not open-market sales, and are routine when equity grants vest.
• This is an award/vesting event rather than a purchase or voluntary sale; it increases the insider's shareholdings net of the shares withheld for taxes.
• As with all insider filings, these entries are factual records of compensation and withholding and do not by themselves indicate the insider’s market view.