Ashley C. Durbin - 08 Aug 2024 Form 4 Insider Report for CULP INC (CULP)

Role
SVP, General Counsel
Signature
Ashley C. Durbin
Issuer symbol
CULP
Transactions as of
08 Aug 2024
Net transactions value
$0
Form type
4
Filing time
12 Aug 2024, 11:33:31 UTC
Previous filing
19 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 +21,918 +75% $0.000000 51,076 08 Aug 2024 Common Stock 43,837 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Contingent right to receive issuance of Culp, Inc. common stock.
F2 These restricted stock units (21,918 RSUs) could vest and convert into the right to receive up to a maximum of 43,837 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning April 29, 2024, and ending May 2, 2027.