Culp Inc CCO converts 17,907 RSUs to stock
Culp Inc Chief Commercial Officer Thomas Bruno vested and converted 17,907 restricted stock units into common stock on July 17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Culp Inc Chief Commercial Officer Thomas Bruno vested and converted 17,907 restricted stock units into common stock on July 17, 2026. To satisfy tax obligations related to this vesting, 5,088 shares of common stock were withheld at $3.70 per share. The transactions were not made under a Rule 10b5-1 trading plan.
Insider Trade Summary
17,907 shares exercised/converted
Exercise
3 txns
Insider
Bruno Thomas
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 17,907 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,907 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,088 | $3.70 | $19K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 102,819 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 17,907 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: 17,907 shares
Tax-withholding shares: 5,088 shares
Tax-withholding price: $3.70 per share
+1 more
4 metrics
RSUs converted to common stock
17,907 shares
Restricted stock units converted into Culp Inc common stock on July 17, 2026
Tax-withholding shares
5,088 shares
Common shares delivered to cover tax obligations related to RSU vesting
Tax-withholding price
$3.70 per share
Price applied to 5,088 Culp Inc common shares used for tax withholding
Derivative exercise shares
17,907 shares
Total shares underlying derivative securities exercised or converted in this report
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Rule 10b5-1
4 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 17,907 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
"Payment of exercise price or tax liability by delivering securities"
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.
Rule 10b5-1 regulatory
"The transactions were not made under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did CULP’s Chief Commercial Officer report?
Thomas Bruno reported vesting and conversion of 17,907 restricted stock units into Culp Inc common stock on July 17, 2026. These service-based RSUs were granted to deliver common shares upon continued employment through the vesting date.
Were Thomas Bruno’s CULP transactions executed under a Rule 10b5-1 plan?
No. The Form 4 for CULP indicates the Rule 10b5-1 checkbox was not selected, meaning these transactions were not reported as being made under a pre-arranged 10b5-1 trading plan.
What type of award did Thomas Bruno hold in CULP before this transaction?
Thomas Bruno held service-based restricted stock units representing the right to receive 17,907 Culp Inc common shares. These RSUs were contingent on his remaining employed with the company through the vesting date of July 17, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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