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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.

(Neutral)
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Form Type
4

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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Negative

  • None.
Insider Collier John Douglas
Role Director
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
Holdings After Transaction: Restricted Stock Units — 12,941 contracts (Direct); Common Stock — 18,190 shares (Direct)
Footnotes (5)
  1. F1. Contingent right to receive issuance of Culp, Inc. common stock.
  2. F2. Previously reported as 13,064 due to clerical error in Form 3 filed with the SEC on September 29, 2025.
  3. 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.
  4. 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.
  5. 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.
Common shares received upon RSU conversion 13,190 shares September 23, 2026
Direct common shares after transaction 18,190 shares Following the September 23, 2026 transaction
Restricted stock units awarded 12,941 units September 24, 2026
Annual-meeting timing condition At least 50 weeks Timing of the annual meeting referenced in the restricted stock unit award condition
Contingent right financial
"Contingent right to receive issuance of Culp, Inc. common stock."
Restricted Stock Units financial
"These restricted stock units represent the right to receive 12,941 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.
vesting date financial
"restricted stock units with a vesting date of the Issuer's September 23, 2026, annual meeting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CULP shares did director John Douglas Collier receive?

On September 23, 2026, Collier received 13,190 common shares upon conversion of restricted stock units. His reported direct common-stock holdings afterward were 18,190 shares.

What are the conditions for John Douglas Collier's 12,941 CULP RSUs?

The September 24, 2026 award is a contingent right to receive 12,941 shares if Collier 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Collier John Douglas

(Last)(First)(Middle)
410 W. ENGLISH ROAD

(Street)
HIGH POINT NORTH CAROLINA 27262

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CULP INC [ CULP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock09/23/2026M13,190A$018,190D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)$009/23/2026M13,190(2) (3) (3)Common Stock13,190$00(4)D
Restricted Stock Units(1)$009/24/2026A12,941 (5) (5)Common Stock12,941$012,941D
Explanation of Responses:
1. Contingent right to receive issuance of Culp, Inc. common stock.
2. Previously reported as 13,064 due to clerical error in Form 3 filed with the SEC on September 29, 2025.
3. 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.
4. The reporting person holds no more restricted stock units with a vesting date of the Issuer's September 23, 2026, annual meeting of shareholders.
5. 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.
/s/ Justin M. Grow, Attorney-In-Fact09/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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