Interface Inc (NASDAQ:) Vice President Nigel Stansfield has sold a total of 19,990 shares of the company’s common stock, according to a recent SEC filing. The transaction, which took place on May 7, 2024, involved shares sold at a weighted average price of $16.24, with individual sales prices ranging from $16.20 to $16.31 per share.
The sale resulted in a total transaction value of approximately $324,637. Following this transaction, Stansfield’s remaining ownership in Interface Inc stands at 181,855 shares. It is noted that a significant portion of these shares are comprised of unvested restricted shares, performance shares, and restricted stock units, which are subject to forfeiture under certain conditions.
Investors and security holders of Interface Inc may request detailed information regarding the specific number of shares sold at each price point within the provided range from the company or the SEC.
Interface Inc, known for its production of carpets and rugs, is headquartered in Atlanta, Georgia. The company has been a staple in the industry and trades under the ticker symbol TILE on the NASDAQ stock exchange.
This latest filing provides transparency into the trading activities of one of the company’s top executives, offering insight into insider transactions that are routinely monitored by investors seeking to understand the confidence levels of a company’s leadership in their own firm’s stock.
InvestingPro Insights
Amidst the recent insider trading activity at Interface Inc (NASDAQ:TILE), investors are keen to understand the underlying value and performance metrics of the company. According to InvestingPro data, Interface Inc holds a market capitalization of approximately $944.93 million, with a P/E ratio of 16.01, reflecting investor sentiment about the company’s earnings prospects. Additionally, the company’s P/E ratio as of the last twelve months ending Q1 2024 stands at 16.16, indicating a stable valuation over the recent period.
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One InvestingPro Tip for Interface Inc is the company’s strong return over the last year, with a 121.12% price total return, which is a significant indicator of the company’s robust performance and investor confidence. Moreover, Interface Inc has shown a remarkable six-month price total return of 75.81%, underscoring a notable uptrend in its stock price.
Another key InvestingPro Tip is the company’s consistent dividend…
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