Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CULP | Restricted Stock Units | Award | $0 | +89.4K | +99.78% | $0.00 | 179K | Sep 28, 2023 | Common Stock | 134K | $0.00 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Contingent right to receive issuance of Culp, Inc. common stock. |
F2 | 1/4 of these restricted stock units (22,361 RSUs) vest and convert into the right to receive one share of common stock per RSU (22,361 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 3/4 of the restricted stock units (67,084 RSUs) could vest and convert into the right to receive up to a maximum of 111,807 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning May 1, 2023, and ending May 3, 2026, per the terms of the award agreement. |