Sharon A. Decker - Sep 26, 2024 Form 4 Insider Report for CULP INC (CULP)

Role
Director
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol
CULP
Transactions as of
Sep 26, 2024
Transactions value $
$0
Form type
4
Date filed
9/30/2024, 10:22 AM
Previous filing
Sep 27, 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 +9.2K $0.00 9.2K Sep 26, 2024 Common Stock 9.2K $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 vest and convert into the right to receive one share of common stock per restricted stock unit (9,197 total shares of common stock) on the date that is the earlier of (i) the one-year anniversary of the date of grant, and (ii) the next annual meeting of shareholders which is at least 50 weeks after the immediately preceding year's annual meeting.