CHUMBLEY BOYD BROOKS 4
4 · CULP INC · Filed Jul 26, 2021
Insider Transaction Report
Form 4
CULP INCCULP
CHUMBLEY BOYD BROOKS
Executive VP Upholstery Fabric
Transactions
- Award
Restricted Stock Units
2021-07-22+16,386→ 16,386 totalExercise: $0.00→ Common Stock (24,579 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (8,193 RSUs) vest and convert into the right to receive one share of common stock per RSU (8,193 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 (8,193 RSUs) could vest and convert into the right to receive up to 2 shares of common stock per RSU (16,386 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 3, 2021, and ending April 28, 2024, per the terms of the award agreement.