CULP CFO exercises RSUs, shares withheld for taxes
CULP INC Chief Financial Officer Kenneth R. Bowling reported equity compensation activity on July 17, 2026.
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Form Type
4
Rhea-AI Filing Summary
CULP INC Chief Financial Officer Kenneth R. Bowling reported equity compensation activity on July 17, 2026. 18,884 restricted stock units were converted into the same number of common shares at $0.0000 per share, and 9,788 shares were withheld at $3.7000 per share to cover tax obligations. After these transactions, he directly held 48,309 common shares, plus an estimated 18,170 shares through a 401(k) stock fund.
Insider Trade Summary
18,884 shares exercised/converted
Exercise
4 txns
Insider
Bowling Kenneth R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 18,884 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,884 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,788 | $3.70 | $36K |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 66,479 shares (Direct)
Footnotes (4)
- F1. Contingent right to receive issuance of Culp, Inc. common stock.
- F2. These restricted stock units represent the right to receive 18,884 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.
Key Figures
RSUs converted to common: 18,884.0000 shares of common stock
Shares withheld for taxes: 9,788.0000 shares at $3.7000 per share
Direct common shares after exercise: 58,097.0000 shares
+3 more
6 metrics
RSUs converted to common
18,884.0000 shares of common stock
Restricted stock units exercised/converted on July 17, 2026
Shares withheld for taxes
9,788.0000 shares at $3.7000 per share
Tax-withholding disposition of common stock on July 17, 2026
Direct common shares after exercise
58,097.0000 shares
Directly held common stock immediately following RSU conversion transaction
Direct common shares after tax withholding
48,309.0000 shares
Directly held common stock after shares withheld for tax obligations
Estimated 401(k) stock fund holdings
18,170.0000 shares
Estimated CULP shares held via 401(k) stock fund based on plan administrator data
RSU derivative position after transaction
0.0000 units
Service-based restricted stock units with July 17, 2026 vesting date after conversion
Key Terms
Restricted Stock Units, tax-withholding disposition, 401(k) plan, stock fund, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units represent the right to receive 18,884 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
"transaction_action is described as a tax-withholding disposition"
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.
401(k) plan financial
"information provided by 401(k) plan administrator regarding units"
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.
stock fund financial
"regarding units in the stock fund held by the reporting person"
contingent right financial
"Contingent right to receive issuance of Culp, Inc. common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did CULP (CULP) CFO Kenneth R. Bowling report?
Kenneth R. Bowling reported equity compensation activity involving restricted stock units. On July 17, 2026, 18,884 units were converted into common shares, and 9,788 shares were withheld to satisfy tax obligations related to this vesting event.
What happened to the restricted stock units reported by CULP (CULP) CFO Bowling?
A derivative position of 18,884 restricted stock units, each representing the right to receive one CULP common share, was reduced to 0. The units were exercised/converted into common stock as part of a service-based award with a vesting date of July 17, 2026.
Does the CULP (CULP) filing mention 401(k) plan holdings for the CFO?
Yes. A holding entry, with a footnote, shows an estimated 18,170 CULP shares held via the company’s 401(k) plan stock fund. The share amount is based on units reported by the plan administrator, not directly on traded shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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