Culp CEO exercises 22,361 restricted stock units
Robert George Culp IV, President & CEO of Culp Inc., reported exercising restricted stock units covering 22,361 shares of common stock at $0.00 per share on July 17, 2026, raising his direct holdings to 318,071 common shares.
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Form Type
4
Rhea-AI Filing Summary
Robert George Culp IV, President & CEO of Culp Inc., reported exercising restricted stock units covering 22,361 shares of common stock at $0.00 per share on July 17, 2026, raising his direct holdings to 318,071 common shares. He also reported indirect ownership of 1,740 shares in each of two irrevocable trusts for his children, over which he has sole voting and investment power, and an estimated 129,085 shares through a 401(k) stock fund.
Insider Trade Summary
22,361 shares exercised/converted
Exercise
5 txns
Insider
CULP ROBERT GEORGE IV
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 22,361 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,361 | $0.00 | $0.00 |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 447,156 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 (6)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. These restricted stock units represent the right to receive 22,361 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. 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.
- F5. 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.
- F6. 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 acquired via RSU exercise: 22,361 shares of Common Stock
Direct common shares after exercise: 318,071 shares
401(k) plan-related common shares: 129,085 shares
+3 more
6 metrics
Shares acquired via RSU exercise
22,361 shares of Common Stock
Exercise or conversion of derivative security on 2026-07-17
Direct common shares after exercise
318,071 shares
Total direct holdings of Common Stock following derivative exercise on 2026-07-17
401(k) plan-related common shares
129,085 shares
Estimated Common Stock equivalent in 401(k) stock fund following reported transactions
Indirect trust holdings – daughter
1,740 shares
Common Stock held in trust for the reporting person’s daughter
Indirect trust holdings – son
1,740 shares
Common Stock held in trust for the reporting person’s son
RSU underlying shares
22,361 shares
Restricted stock units representing right to receive Culp Inc. common stock based on employment through July 17, 2026
Key Terms
Restricted Stock Units, Irrevocable Trust, contingent right, 401(k) plan
4 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 22,361 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.
Irrevocable Trust financial
"By Robert G. Culp, V 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.
contingent right financial
"Contingent right to receive issuance of Culp, Inc. common stock."
401(k) plan financial
"calculation from information provided by 401(k) plan administrator"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CULP CEO Robert George Culp IV report on this Form 4?
Robert George Culp IV exercised 22,361 restricted stock units into shares of Culp Inc. common stock on July 17, 2026. The Form 4 treats this as an exercise or conversion of a derivative security, not an open-market purchase or sale of shares.
What are the key terms of the CULP restricted stock units referenced in the filing?
The restricted stock units represent a right to receive 22,361 shares of Culp Inc. common stock based on employment through July 17, 2026. Footnotes describe these as service-based units with a vesting date of July 17, 2026, as specified in the related award agreement.
Does the latest CULP Form 4 indicate any open-market buying or selling by the CEO?
No open-market purchases or sales are reported; the primary event is a derivative exercise of restricted stock units. Additional entries simply update direct and indirect holdings, including trust positions and a 401(k) stock fund, without indicating discretionary market trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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