Interface Expands Incentive Plan and Reaffirms Executive Roles

Interface (TILE) has provided an update.

On May 13, 2024, Interface, Inc.’s shareholders approved an update to the 2020 Omnibus Stock Incentive Plan, expanding the types of equity awards available and increasing the total share allocation for incentives to employees and directors. The updated plan, administered by the Compensation Committee, allows for a variety of awards, including incentive and nonqualified stock options, with a cap on the number of shares any individual can receive annually. This move aligns with shareholder interests, as evidenced by the approval of executive compensation and the reappointment of the company’s independent auditor at the annual meeting.

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