Culp director receives 13,190 shares from stock units
The separate 12,941-unit award depends on Collier remaining a director through a specified anniversary or annual-meeting milestone.
Rhea-AI Filing Summary
CULP INC director John Douglas Collier converted restricted stock units into 13,190 common shares on September 23, 2026; his reported direct common-stock holdings afterward were 18,190 shares. On September 24, he acquired 12,941 additional restricted stock units, a contingent right to receive common stock if he remains a director through the earlier of one year after the grant or the next annual meeting at least 50 weeks after the September 23, 2026 annual meeting. No Rule 10b5-1 plan is reported.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F5 | 12,941 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2, F3, F4 | 13,190 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,190 | $0.00 | $0.00 |
Footnotes (5)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. Previously reported as 13,064 due to clerical error in Form 3 filed with the SEC on September 29, 2025.
- F3. 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 grant date, 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.
- F5. These restricted stock units represent the right to receive 12,941 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 which is at least 50 weeks after the Issuer's September 23, 2026, annual meeting of shareholders.
Key Figures
Key Terms
Contingent right financial
Restricted Stock Units financial
vesting date financial
FAQ
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What are the conditions for John Douglas Collier's 12,941 CULP RSUs?
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