Poppens James 4

What Happened

• James Poppens, Vice President of Interface, received a grant of 49,678 performance shares that were determined to have satisfied performance criteria and vested on Feb 26, 2026. At or shortly after vesting he disposed of a total of 50,073 shares across transactions (some to cover tax/exercise and some sold in the open market) for aggregate proceeds of about $1,585,651.
• Disposals included shares withheld/used to pay exercise price or tax liability (coded F) and open-market sales (coded S). This appears to be routine vesting and tax-related withholding plus some open-market selling, rather than a discretionary market purchase.

Key Details

• Transactions (dates, type, shares, price, value):
  • 2026-02-26 — F (tax/exercise withholding): 4,181 sh @ $31.79 = $132,914
  • 2026-02-26 — A (award/acquisition): 49,678 sh @ $0.00 = $0 (performance shares vested)
  • 2026-02-26 — F (tax/exercise withholding): 22,127 sh @ $31.79 = $703,417
  • 2026-02-26 — S (open-market sale): 9,144 sh @ weighted avg $31.56 = $288,585 (sales ranged $31.40–$31.78)
  • 2026-02-27 — F (tax/exercise withholding): 9,415 sh @ $31.64 = $297,891
  • 2026-02-27 — S (open-market sale): 5,206 sh @ weighted avg $31.28 = $162,844 (sales ranged $31.05–$31.48)
• Net: Acquired 49,678 shares; disposed 50,073 shares; gross proceeds from sales/withholding ≈ $1,585,651.
• Shares owned after the transactions: not specified in the provided filing details.
• Notable footnotes:
  • F1: Performance shares were determined to have met vesting conditions and vested on the reported date.
  • F2/F3: Weighted average sale prices reported with per-share price ranges; full per-price breakdowns available on request.
  • F4: A substantial number of shares are unvested restricted stock units subject to forfeiture under certain circumstances.
• Filing timeliness: Form filed Mar 2, 2026 for transactions on Feb 26–27, 2026 — within the typical two-business-day filing window (timely).

Context

• Transactions coded F generally indicate shares were withheld or surrendered to satisfy tax withholding or to pay exercise price (i.e., not a cash purchase). The presence of both F and S transactions suggests shares vested and some were withheld for taxes while additional shares were sold on the open market.
• For retail investors: this looks like routine executive compensation vesting and associated tax-withholding sales rather than a new purchase signal. Purchases by insiders tend to be more informative about personal bullishness than sales tied to vesting/tax needs.