INTERFACE INC·4

Feb 26, 4:13 PM ET

Poppens James 4

Research Summary

AI-generated summary

Updated

Interface (TILE) VP James Poppens Surrenders 2,413 Shares

What Happened James Poppens, Vice President of Interface, surrendered 2,413 shares on Feb 24, 2026 to satisfy a tax obligation tied to equity (transaction code F). The shares were valued at $31.50 each, for a total of $76,010. This was a disposition to cover withholding/tax liability rather than an open-market sale.

Key Details

  • Transaction date and price: 2026-02-24 at $31.50 per share.
  • Shares disposed: 2,413; total value: $76,010.
  • Transaction type/code: F — payment of exercise price or tax liability (share withholding).
  • Shares owned after transaction: not disclosed in the provided filing summary.
  • Filing: Form 4 filed 2026-02-26 (timely — filed within the normal two-business-day window).
  • Footnote: F1 notes a substantial number of the shares are unvested performance shares and restricted stock units subject to forfeiture under certain circumstances.

Context This was a routine tax-withholding disposition commonly used when equity awards vest or are exercised; the company typically withholds or accepts surrendered shares to cover withholding taxes. Such transactions are administrative and do not necessarily signal the insider’s view on the company’s prospects.