Culp CEO buys 3,179 shares in open market
CULP INC President & CEO Robert George Culp IV made an open-market purchase of company stock.
Rhea-AI Filing Summary
CULP INC President & CEO Robert George Culp IV made an open-market purchase of company stock. On this transaction date, he bought 3,179 shares of common stock at an estimated price of $2.90 per share, increasing his directly held stake to 126,317 shares.
In addition to these directly held shares, the filing shows an estimated 295,710 shares held through a 401(k) stock fund based on plan administrator data. It also reports 1,740 shares held in a trust for his daughter and 1,740 shares in a trust for his son, where he serves as sole trustee with sole voting, dispositive and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,179 shares
Net Buy
4 txns
Insider
CULP ROBERT GEORGE IV
Role
President & CEO
Bought
3,179 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,179 | $2.90 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 422,027 shares (Direct);
Common Stock — 1,740 shares (Indirect, By Anna S. Culp Irrevocable Trust);
Common Stock — 1,740 shares (Indirect, By Robert G. Culp, V Irrevocable Trust)
Footnotes (5)
- F1. Estimated number of shares based on information provided by 401(k) plan administrator regarding units in the stock fund acquired by the reporting person.
- F2. Estimated share price based on calculation from information provided by 401(k) plan administrator regarding the unit price in the stock fund for such transaction.
- F3. Estimated number of shares based on calculation from information provided by 401(k) plan administrator regarding units in the stock fund held by the reporting person following the reported transaction.
- F4. These shares are held of record by CIBC National Trust Company in a trust for the benefit of the reporting person's daughter. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares.
- F5. These shares are held of record by CIBC National Trust Company in a trust for the benefit of the reporting person's son. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares.
Key Figures
Shares purchased: 3,179 shares
Purchase price: $2.90 per share
Direct holdings after transaction: 126,317 shares
+3 more
6 metrics
Shares purchased
3,179 shares
Open-market purchase of common stock on transaction date
Purchase price
$2.90 per share
Estimated price based on 401(k) stock fund unit price
Direct holdings after transaction
126,317 shares
Common stock held directly by CEO following reported purchase
401(k) stock fund holdings
295,710 shares (estimated)
Estimated from units in company stock fund after transaction
Daughter’s trust holdings
1,740 shares
Irrevocable trust where CEO is sole trustee
Son’s trust holdings
1,740 shares
Irrevocable trust where CEO is sole trustee
Key Terms
open-market purchase, 401(k) plan administrator, irrevocable trust, voting, dispositive and investment power, +1 more
5 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
401(k) plan administrator financial
"based on information provided by 401(k) plan administrator regarding units"
irrevocable trust financial
"By Anna S. Culp Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
voting, dispositive and investment power financial
"the reporting person has sole voting, dispositive and investment power"
stock fund financial
"regarding units in the stock fund held by the reporting person"
FAQ
What insider transaction did CULP (CULP) report for its CEO?
CULP reported that President & CEO Robert George Culp IV executed an open-market purchase of 3,179 shares of common stock. The filing characterizes this as a direct acquisition of additional shares rather than a sale or derivative exercise, increasing his reported ownership position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
