Gallagher Thomas Bernard JR 4
4 · CULP INC · Filed Jul 22, 2019
Insider Transaction Report
Form 4
CULP INCCULP
Gallagher Thomas Bernard JR
Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2019-07-18+1,500→ 1,500 totalExercise: $0.00→ Common Stock (2,250 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (750 RSUs) vest and convert into the right to receive one share of common stock per RSU (750 total shares of common stock) at the end of three years if the participant remains employed by the company as of such date; the remaining 1/2 of these restricted stock units (750 RSUs) could vest up to 2 shares of common stock (1,500 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning April 29, 2019 and ending May 1, 2022, per the terms of the award agreement.