Trade Alert: VP and Chief Innovation & Sustainability Officer Of Interface Nigel Stansfield Has Sold Stock

We wouldn't blame Interface, Inc. (NASDAQ:TILE) shareholders if they were a little worried about the fact that Nigel Stansfield, the VP and Chief Innovation & Sustainability Officer recently netted about US$2.0m selling shares at an average price of US$25.60. Probably the most concerning element of the whole transaction is that the disposal amounted to 99% of their entire holding.

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Interface Insider Transactions Over The Last Year

In fact, the recent sale by Nigel Stansfield was the biggest sale of Interface shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$24.87. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Interface didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Interface

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Insider Ownership Of Interface

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Interface insiders own about US$33m worth of shares. That equates to 2.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Interface Insider Transactions Indicate?

Insiders haven't bought Interface stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Interface is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Interface that deserve your attention before buying any shares.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.