Culp director Tyson receives 14,118 stock units
The director's reported direct common-stock position after the September 24 transaction was 13,990 shares.
Rhea-AI Filing Summary
CULP director Tyson William L received a grant of 14,118 restricted stock units on September 24, 2026, conditioned on remaining a director through the earlier of the grant's one-year anniversary or the next annual meeting of shareholders at least 50 weeks after the September 23, 2026 annual meeting. A separate entry records the disposition of 13,190 restricted stock units on September 23, followed by the acquisition of 13,190 common shares in an exercise/conversion transaction on September 24. Direct common-stock holdings after the latter transaction were 13,990 shares.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F5 | 14,118 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,190 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3, F2, F4 | 13,190 | $0.00 | $0.00 |
Footnotes (5)
- F1. Contingent right to receive issuance of Culp, Inc. stock.
- F2. 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.
- F3. Previously reported as 13,064 due to clerical error on Form 4 filed with the SEC on September 29, 2025.
- 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 14,118 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 to receive issuance financial
vesting date financial
derivative security financial
FAQ
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How many CULP restricted stock units did director Tyson William L receive?
What service condition applies to Tyson William L's CULP restricted stock unit grant?
Were Tyson William L's CULP transactions reported under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.