Culp COO exercises 18,233 RSUs, 5,205 withheld
Culp Inc Chief Operating Officer Mary Elizabeth Hunsberger reported equity-award activity on July 17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Culp Inc Chief Operating Officer Mary Elizabeth Hunsberger reported equity-award activity on July 17, 2026. She converted 18,233 restricted stock units into common stock, including 14,758 service-based and 3,475 performance-based units tied to employment and upholstery-segment performance, and 5,205 shares of common stock were withheld at $3.70 per share to cover tax obligations.
Insider Trade Summary
18,233 shares exercised/converted
Exercise
5 txns
Insider
Hunsberger Mary Elizabeth
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 14,758 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4, F5 | 3,475 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,758 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,475 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,205 | $3.70 | $19K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 33,028 shares (Direct)
Footnotes (5)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. These restricted stock units represent the right to receive 14,758 shares of Culp, Inc. common stock based on the reporting person remaining employed with the company through July 17, 2026, as set forth in the award agreement.
- F3. Reflects the total number of service-based restricted stock units with a vesting date of July 17, 2026, held by the reporting person following the reported transaction.
- F4. These restricted stock units represent the right to receive 3,475 shares of Culp, Inc. common stock based on the Company's upholstery segment's achievement of certain performance criteria over a three-year period ended May 3, 2026, as set forth in the award agreement.
- F5. Reflects the total number of performance-based restricted stock units with a performance period ended May 3, 2026, held by the reporting person following the reported transaction.
Key Figures
RSU exercises: 18,233 shares
Shares withheld for taxes: 5,205 shares
Service-based RSUs converted: 14,758 units
+2 more
5 metrics
RSU exercises
18,233 shares
Common stock acquired through derivative exercises on 2026-07-17
Shares withheld for taxes
5,205 shares
Common stock disposed of at $3.70 per share for tax withholding on 2026-07-17
Service-based RSUs converted
14,758 units
Service-based restricted stock units vesting based on continued employment through July 17, 2026
Performance-based RSUs converted
3,475 units
Performance-based restricted stock units tied to upholstery segment criteria over a three-year period
Tax-withholding price
$3.70 per share
Price for 5,205-share tax-withholding disposition of common stock
Key Terms
Restricted Stock Units, service-based restricted stock units, performance-based restricted stock units, tax-withholding disposition
4 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 14,758 shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
service-based restricted stock units financial
"Reflects the total number of service-based restricted stock units with a vesting date"
Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.
performance-based restricted stock units financial
"total number of performance-based restricted stock units with a performance period ended"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CULP COO Mary Elizabeth Hunsberger report?
Mary Elizabeth Hunsberger reported equity-award activity, converting 18,233 restricted stock units of Culp into common stock on July 17, 2026. The activity reflects vesting and conversion of both service-based and performance-based awards rather than an open-market purchase.
What types of restricted stock units were involved in the CULP COO’s filing?
The filing involves both service-based and performance-based restricted stock units. Awards for 14,758 units vested based on continued employment through July 17, 2026, and 3,475 units vested based on upholstery segment performance over a three-year period ended May 3, 2026.
How many CULP restricted stock units were tied to performance versus service conditions?
The COO had 3,475 performance-based RSUs tied to upholstery segment performance over three years and 14,758 service-based RSUs tied to remaining employed through July 17, 2026. Both tranches converted into an equal number of Culp common shares on the reported date.
Were Mary Elizabeth Hunsberger’s CULP transactions executed under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as being under a trading plan. The reported equity-award conversions and related tax-withholding disposition are therefore not affirmatively identified as occurring pursuant to a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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