Keough Joseph 4
Research Summary
AI-generated summary
Interface (TILE) Director Joseph Keough Receives RSU Award
What Happened
Joseph Keough, a director of Interface, was granted 4,461 restricted stock units (RSUs) on May 19, 2026. The Form 4 reports an acquisition price of $0.00 per unit (no cash paid at grant). This is an award/compensation grant (transaction code A), not an open‑market purchase or sale.
Key Details
- Transaction date: May 19, 2026; Form 4 filed May 20, 2026 (appears timely).
- Reported price: $0.00 per RSU; total reported cash outlay: $0.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: F1 — RSUs granted under the company’s stock incentive plan, vesting on the date of the 2027 annual meeting of shareholders.
- Transaction type: Award/Grant (A); no immediate sale reported.
Context
RSUs are a form of compensation that convert into shares only after vesting; they do not represent immediate purchases or sales. Such grants are common for director and executive compensation and are primarily retention/compensation actions rather than direct signals of insider buying or selling. Investors may watch for the vesting date and any subsequent sale filings to see if shares are later sold.