Culp Inc. (CULP) SVP exercises 8,749 RSUs; 2,952 shares withheld for tax
Rhea-AI Filing Summary
Culp Inc. SVP & CHRO Teresa Atkins Huffman exercised 8,749 restricted stock units into common stock on July 17, 2026. To cover taxes, 2,952 shares were withheld at $3.70 per share. After these transactions, she directly held 16,043 Culp common shares. The trades were not reported as made under a Rule 10b5-1 plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,701 shares
Net Buy
3 txns
Insider
Huffman Teresa Atkins
Role
SVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 8,749 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,749 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,952 | $3.70 | $11K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 16,043 shares (Direct)
Footnotes (3)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. These restricted stock units represent the right to receive 8,749 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.
Key Figures
RSUs converted to common stock: 8,749 shares
Shares withheld for taxes: 2,952 shares
Tax withholding price: $3.70 per share
+1 more
4 metrics
RSUs converted to common stock
8,749 shares
Restricted Stock Units exercised into Culp common stock on July 17, 2026
Shares withheld for taxes
2,952 shares
Common shares withheld in tax-withholding disposition related to RSU vesting
Tax withholding price
$3.70 per share
Valuation used for the 2,952 shares withheld for tax obligations
Direct holdings after transactions
16,043 shares
Culp common shares directly owned by Teresa Atkins Huffman after July 17, 2026 trades
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, service-based restricted stock units, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 8,749 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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition related to equity award vesting"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
service-based restricted stock units financial
"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.
vesting date financial
"service-based restricted stock units with a vesting date of July 17, 2026"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transaction did Culp (CULP) report for Teresa Atkins Huffman?
Culp reported that SVP & CHRO Teresa Atkins Huffman exercised 8,749 restricted stock units into common stock on July 17, 2026. In connection with this vesting, a portion of the resulting shares was withheld to satisfy tax obligations.
How many restricted stock units did Culp (CULP) executive Teresa Atkins Huffman vest?
Teresa Atkins Huffman vested 8,749 restricted stock units, each representing one share of Culp common stock. These units were service-based awards tied to her continued employment with the company through a specified vesting date under the applicable award agreement.
Were Teresa Atkins Huffman’s Culp (CULP) transactions made under a Rule 10b5-1 trading plan?
The disclosure indicates these transactions were not reported as being executed under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 plans was left unchecked, suggesting the trades were not made pursuant to a pre-arranged trading program.
What type of awards did Teresa Atkins Huffman hold in Culp (CULP) before conversion?
She held restricted stock units that provided a contingent right to receive Culp common stock. These service-based RSUs entitled her to 8,749 shares upon remaining employed with the company through the specified vesting date in the award agreement.