Kenneth R. Bowling - Aug 8, 2024 Form 4 Insider Report for CULP INC (CULP)

Role
EVP, CFO & Treasurer
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol
CULP
Transactions as of
Aug 8, 2024
Transactions value $
$0
Form type
4
Date filed
8/12/2024, 12:22 PM
Previous filing
Jul 19, 2024

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 +45.4K +75.17% $0.00 106K Aug 8, 2024 Common Stock 90.8K $0.00 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 (45,402 RSUs) could vest and convert into the right to receive up to a maximum of 90,804 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, per the terms of the award agreement.