Culp former director converts 14,389 stock units
The units were based on Jackson remaining a director as of the earlier of the grant's one-year anniversary or a qualifying annual meeting.
Rhea-AI Filing Summary
CULP INC's former director Fred A. Jackson converted 14,389 restricted stock units into 14,389 shares of common stock on September 23, 2026. His reported direct common-stock holdings after the transaction were 105,462 shares. He held no more restricted stock units with a vesting date of the September 23, 2026 annual meeting. No Rule 10b5-1 plan is reported for the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,389 shares exercised/converted
Exercise
2 txns
Insider
JACKSON FRED A
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3, F4 | 14,389 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,389 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 105,462 shares (Direct)
Footnotes (4)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. Amount reported as 14,252 due to clerical error on Form 4 filed September 25, 2025.
- F3. These restricted stock units represent the right to receive 14,389 shares of Culp, Inc. common stock based on the reporting person remaining a director as of 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.
- 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.
Key Figures
Restricted stock units converted: 14,389 restricted stock units
Common shares acquired: 14,389 shares
Common shares held after transaction: 105,462 shares
3 metrics
Restricted stock units converted
14,389 restricted stock units
September 23, 2026
Common shares acquired
14,389 shares
September 23, 2026
Common shares held after transaction
105,462 shares
Direct holdings following the transaction
Key Terms
Restricted Stock Units, Contingent right, vesting date
3 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 14,389 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.
Contingent right financial
"Contingent right to receive issuance of Culp, Inc. common stock."
vesting date financial
"no more restricted stock units with a vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What service condition applied to Fred A. Jackson's CULP restricted stock units?
The units represented a right to receive 14,389 shares based on Jackson remaining a director as of the earlier of the grant's one-year anniversary or the next annual meeting of shareholders at least 50 weeks after the prior year's annual meeting.
AI-generated analysis. How Rhea-AI works. Not financial advice.