Brown Cassandra J 4
4 · CULP INC · Filed Jul 26, 2021
Insider Transaction Report
Form 4
CULP INCCULP
Brown Cassandra J
President, Culp Home Fashions
Transactions
- Award
Restricted Stock Units
2021-07-22+11,511→ 11,511 totalExercise: $0.00→ Common Stock (17,266 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (5,755 RSUs) vest and convert into the right to receive one share of common stock per RSU (5,755 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 (5,755 RSUs) could vest and convert into the right to receive up to 2 shares of common stock per RSU (11,511 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.