Culp director Bullock receives 12,941 stock units
The director's 12,941-unit RSU award depends on continued service through the earlier of the stated anniversary or annual-meeting milestone.
Rhea-AI Filing Summary
CULP INC director Kimberly Gatling Bullock reported 13,190 restricted stock units disposed in a conversion on September 23, 2026, followed by acquisition of 13,190 common shares on September 24; she held 62,592 common shares directly after the acquisition. She was also granted 12,941 restricted stock units on September 24, 2026, representing a contingent right to receive common stock if she remains a director through the earlier of the grant's one-year anniversary or the next annual meeting held at least 50 weeks after the preceding year's meeting. No Rule 10b5-1 plan is reported.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F5 | 12,941 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,190 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2, F3, F4 | 13,190 | $0.00 | $0.00 |
Footnotes (5)
- F1. Contingent right to receive issuance of Culp Inc. common stock.
- F2. Previously reported as 13,064 due to clerical error in Form 4 filed with the SEC on September 25, 2025.
- F3. These restricted stock units represent the right to receive 13,190 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the immediately preceding year's annual meeting.
- F4. The reporting person holds no more restricted stock units with a vesting date of the Issuer's September 23, 2026, annual meeting of shareholders.
- F5. These restricted stock units represent the right to receive 12,941 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the Issuer's September 23, 2026, annual meeting of shareholders.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
vesting date financial
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