PERRY E. DAVIS - 28 Sep 2023 Form 4 Insider Report for CULP INC (CULP)

Role
Director
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
28 Sep 2023
Transactions value $
$0
Form type
4
Filing time
02 Oct 2023, 12:19:39 UTC
Previous filing
05 Jul 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CULP Restricted Stock Units Award $0 +9.84K $0.00 9.84K 28 Sep 2023 Common Stock 9.84K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Contingent right to receive issuance of Culp, Inc. common stock.
F2 These restricted stock units vest and convert into the right to receive one share of common stock per restricted stock unit (9,839 total shares of common stock) on the date that is the earlier of (i) the one year anniversary of the date of grant, and (ii) the next annual meeting of shareholders which is at least 50 weeks after the immediately preceding year's annual meeting.