Interface Inc (NASDAQ: TILE) supply chain chief reports 50,402-share stake on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
INTERFACE INC VP files initial ownership report showing equity stake
Vice President and Chief Supply Chain Officer William Thomas Blackorby reported direct ownership of 50,402 shares of Interface Inc. common stock. A substantial number of these shares are unvested restricted stock units that remain subject to a risk of forfeiture under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blackorby William Thomas
Role
VP, Chief Supply Chain Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,402 shares (Direct)
Footnotes (1)
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FAQ
What does the INTERFACE INC (TILE) Form 3 filing show for William Thomas Blackorby?
The Form 3 shows that William Thomas Blackorby, VP and Chief Supply Chain Officer, directly holds 50,402 shares of Interface Inc. common stock. The filing also notes that many of these shares are unvested restricted stock units subject to potential forfeiture.
Is the TILE Form 3 filing a buy or sell transaction?
The Form 3 is not a buy or sell transaction; it is an initial ownership report. It simply discloses that William Thomas Blackorby holds 50,402 shares of common stock, including a substantial number of unvested restricted stock units subject to forfeiture.
What is the significance of unvested restricted stock units in the TILE Form 3 filing?
The filing states that a substantial number of the reported shares are unvested restricted stock units. These units are subject to a risk of forfeiture under certain circumstances, meaning Blackorby may lose them if vesting or service conditions are not satisfied.
What role does William Thomas Blackorby hold at INTERFACE INC (TILE) in this Form 3?
The Form 3 identifies William Thomas Blackorby as an officer of Interface Inc., serving as Vice President and Chief Supply Chain Officer. His reported holdings of 50,402 common shares include a significant amount of unvested restricted stock units subject to forfeiture.