Culp director Mark receives 12,941 stock units
The right to 12,941 common shares depends on Mark remaining a director at the earlier of the one-year grant anniversary or a qualifying annual meeting.
Rhea-AI Filing Summary
CULP INC (symbol: CULP) is the issuer of record for a Form 4 filing submitted to the SEC. Wilson Mark reported acquisition or exercise transactions in this Form 4 filing.
CULP INC director Wilson Mark received 12,941 restricted stock units on September 24, 2026. The units represent a contingent right to receive 12,941 common shares if he remains a director as of the earlier of the one-year grant anniversary or the next annual meeting held at least 50 weeks after the September 23, 2026 annual meeting. The report lists 0 directly held common shares afterward. Mark disclaims beneficial ownership of securities directly owned by members of a Section 13(d) group that collectively owns more than 10% of CULP common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 12,941 | $0.00 | $0.00 |
| holding | Common Stock F3 | -- | -- | -- |
Footnotes (3)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. 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 as of 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.
- F3. The reporting person may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's common stock. The reporting person disclaims beneficial ownership of the securities directly owned by the members of such 13(d) group, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
restricted stock units financial
contingent right technical
Section 13(d) group regulatory
beneficial ownership regulatory
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