Interface (TILE) CEO Laurel Hurd Sells 7,000 Shares

What Happened
Laurel Hurd, President & CEO and a director of Interface, reported an open-market sale of 7,000 shares on 2026-09-24 at $34.99 per share, for total proceeds of $244,930. The filing classifies the transaction as a sale (S), which is typically a disposition of holdings rather than a buy signal.

Key Details

• Transaction date: 2026-09-24; filing date: 2026-09-25 (filed promptly the next day).
• Price and size: 7,000 shares sold at $34.99 each; total value $244,930.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes of note:
  • The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2026 (F1).
  • The filing states a substantial number of such shares are unvested restricted stock units subject to forfeiture under certain circumstances (F2).
• Reporting timeliness: The report appears timely (filed one day after the transaction).

Context

• 10b5-1 plan: Trades under an established 10b5-1 plan are pre-set, routine dispositions that allow insiders to sell shares on a scheduled basis and are not necessarily a reflection of current views on the company.
• Unvested RSUs: The note about unvested restricted stock units means some of the reported holdings or reported share-related amounts may include awards that could be forfeited; that can affect the insider’s actual immediately realizable stake.

This summary is factual and does not speculate on the insider’s motives.