Foshee David B 4

What Happened

• David B. Foshee, Vice President and Secretary of Interface, was issued 37,595 performance shares that were determined to have satisfied performance criteria and vested on 2026-02-26. To satisfy tax withholding obligations related to that vesting, a total of 26,957 shares were disposed across three withholding transactions, generating about $855,748 in proceeds.
• Disposal detail: 2,996 shares @ $31.79 = $95,243 (2026-02-26); 15,862 shares @ $31.79 = $504,253 (2026-02-26); 8,099 shares @ $31.64 = $256,252 (2026-02-27). The acquisition is reported at $0 because it was an award/vesting event, not a cash purchase.

Key Details

• Transaction dates/prices: 2026-02-26 (2,996 @ $31.79; 15,862 @ $31.79) and 2026-02-27 (8,099 @ $31.64).
• Total shares received: 37,595 performance shares (vested on 2026-02-26 per footnote F1).
• Total shares disposed (withheld/sold for taxes): 26,957; total proceeds ≈ $855,748.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — these performance shares were determined to have met performance criteria and vested on the transaction date; F2 — the filing notes a substantial number of such shares are unvested restricted stock units subject to forfeiture under certain conditions.
• Filing date/timeliness: Form 4 filed 2026-03-02; this appears to be within the SEC’s 2-business-day reporting window for the 2026-02-26/27 transactions.

Context

• This was primarily an award/vesting event, with shares withheld/sold to cover tax obligations (transaction code F), not a discretionary open-market sale driven by trading intent. Such tax-withholding disposals are common after vesting and do not necessarily signal the insider’s view of the company.
• The award was reported as $0 cost because it’s a grant/vesting of performance-based equity rather than a purchase; note the filing’s footnotes about vesting and potential forfeiture for remaining restricted shares.