David B. Foshee, Vice President, General Counsel and Secretary of Interface, Inc. (NASDAQ:TILE), reported the open-market sale of 44,393 common shares for a total consideration of ~$1.29 million, according to the SEC Form 4 filing.
Transaction summary
Metric | Value |
|---|---|
Shares sold (direct) | 44,393 |
Transaction value | $1.29 million |
Post-transaction shares (direct) | 175,014 |
Post-transaction value (direct ownership) | $5.08 million |
Transaction and post-transaction values based on SEC Form 4 reported price ($29.00).
Key questions
How does this transaction compare to Foshee’s previous sell activity?
Over the last two years, this is Foshee’s largest single sale, with the prior sell event (Dec. 4, 2024) involving 15,175 shares. The current transaction is nearly three times larger, reflecting a step up in realized liquidity as holdings have declined.What proportion of Foshee’s Interface, Inc. position was impacted?
The 44,393 shares sold represented 20.23% of direct holdings at the time of the transaction, leaving 175,014 shares directly held, which equates to an estimated 0.30% ownership of the company as of May 18, 2026.Were any options, restricted stock units, or indirect entities involved in the transaction?
No options, restricted stock units, or indirect entities were involved; the entire sale consisted of directly-held common shares and no derivative or trust activity was reported in this filing.Does the sale indicate a change in disposition cadence or capacity?
While this transaction increased in size relative to prior sales, the change aligns with reduced available share capacity following a multi-year pattern of annual dispositions, and is consistent with ongoing portfolio management rather than signaling a change in long-term strategy.
Company overview
Metric | Value |
|---|---|
Employees | 3,636 |
Revenue (TTM) | $1.42 billion |
Net income (TTM) | $126.71 million |
1-year price change | 47.29% |
* 1-year price change calculated using May 18th, 2026 as the reference date.
Company snapshot
Interface offers modular carpet tiles, resilient flooring, luxury vinyl tile, and rubber flooring, as well as installation and maintenance services under brands such as Interface, FLOR, norament, and noraplan.
It generates revenue primarily through the design, manufacture, and direct or indirect sale of flooring products and related services to commercial and institutional clients globally.
The company serves commercial interiors including offices, healthcare, education, government, hospitality, and retail sectors, with additional reach into residential markets via the FLOR brand and online channels.
