Pridgen Robert 4

What Happened

• Robert Pridgen, Chief Accounting Officer of Interface, was awarded 10,969 shares (reported as an acquisition/award) on February 26, 2026. The award shows a $0 per-share acquisition value (typical for granted performance shares).
• To cover tax obligations related to the award, 5,810 shares were disposed of the same day via tax withholding: 924 shares and 4,886 shares were reported as withheld/sold at $31.79 per share, generating proceeds of $29,374 and $155,326 respectively (total ≈ $184,700).

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (within the normal 2-business-day reporting window for a Feb 26 transaction).
• Award: 10,969 shares acquired at $0.00 (code A).
• Tax withholding sales: 924 shares @ $31.79 = $29,374; 4,886 shares @ $31.79 = $155,326 (code F). Total shares withheld/sold = 5,810; total proceeds ≈ $184,700.
• Shares owned after the transactions: not specified in the provided excerpt.
• Footnotes: F1 indicates these were performance shares determined to have met performance criteria and vested on the transaction date. F2 notes that a substantial number of such shares may be unvested restricted stock units subject to forfeiture under certain circumstances.

Context

• The primary event was an award of performance shares that vest (per F1); the related disposals were routine tax-withholding transactions (not open-market discretionary sales).
• Awards and tax-withholdings are common compensation mechanics and do not, by themselves, indicate the insider is buying or selling shares as a market signal.