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CULP insider filing shows 13,064 restricted stock units for director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Culp, Inc. (CULP) director John Douglas Collier filed an initial Form 3 reporting contingent restricted stock units (RSUs) tied to continued board service. The filing shows 13,064 RSUs representing the right to receive 13,064 shares of common stock if the reporting person remains a director until the earlier of one year after grant or the next annual meeting that is at least 50 weeks after the September 24, 2025 meeting. The Form 3 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

  • Director alignment: 13,064 RSUs tie the reporting person's compensation to continued board service, aligning interests with shareholders
  • Regulatory compliance: Timely Form 3 filing provides transparency under Section 16

Negative

  • None.

Insights

TL;DR: Small equity grant aligns director incentives but is immaterial to company valuation.

The Form 3 discloses a contingent grant of 13,064 restricted stock units to a director, payable upon continued service. For most investors, this level of equity is unlikely to materially affect shares outstanding or near-term dilution. The disclosure is routine governance-related reporting under Section 16 and provides transparency on insider alignment with shareholders.

TL;DR: Routine insider reporting; grant structure ties compensation to director tenure.

The filing describes time-based RSUs that vest contingent on continued board service, a common practice to align directors with long-term performance. There is no indication of accelerated vesting triggers or related-party transactions. The document meets Section 16 disclosure requirements and informs stakeholders about director compensation mechanics.

Insider Collier John Douglas
Role Director
Type Security Shares Price Value
holding Restricted Stock Units -- -- --
Holdings After Transaction: Restricted Stock Units — 13,064 shares (Direct)
Footnotes (1)
  1. Contingent right to receive issuance of Culp, Inc. common stock. These restricted stock units represent the right to receive 13,064 shares of Culp, Inc. common stock based on the reporting person remaining a director as of the date that is the earlier of (i) the one-year anniversary of the date of the grant, and (ii) the Issuer's next annual meeting of shareholders that is at least 50 weeks after the Issuer's September 24, 2025, annual meeting of shareholders.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Collier John Douglas
(Last) (First) (Middle)
410 W. ENGLISH ROAD
(Street)
HIGH POINT NC 27262
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/24/2025 		3. Issuer Name and Ticker or Trading Symbol
CULP INC [ CULP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) (2) (2) Common Stock 13,064 $0 D
Explanation of Responses:
1. Contingent right to receive issuance of Culp, Inc. common stock.
2. These restricted stock units represent the right to receive 13,064 shares of Culp, Inc. common stock based on the reporting person remaining a director as of the date that is the earlier of (i) the one-year anniversary of the date of the grant, and (ii) the Issuer's next annual meeting of shareholders that is at least 50 weeks after the Issuer's September 24, 2025, annual meeting of shareholders.
/s/ Justin M. Grow, Attorney-In-Fact 09/29/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Form 3 filed for CULP report?

The Form 3 reports that director John Douglas Collier has a contingent grant of 13,064 restricted stock units representing the right to receive 13,064 shares of common stock upon continued service.

When do the restricted stock units vest for CULP director John Collier?

The RSUs vest if the reporting person remains a director until the earlier of (i) the one-year anniversary of the grant or (ii) the issuer's next annual meeting that is at least 50 weeks after the September 24, 2025 annual meeting.

Does the Form 3 show direct or indirect ownership for the RSUs?

The filing indicates direct (D) ownership of the contingent restricted stock units.

Who signed the Form 3 for John Collier?

The Form 3 was signed on behalf of the reporting person by Justin M. Grow, Attorney-In-Fact on 09/29/2025.

Is the 13,064 RSU grant materially dilutive to CULP shareholders?

The filing contains only the RSU amount; it does not provide total shares outstanding, so materiality cannot be determined from this document alone.