Bowling Kenneth R 4
4 · CULP INC · Filed Aug 12, 2022
Insider Transaction Report
Form 4
CULP INCCULP
Bowling Kenneth R
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2022-08-10+22,630→ 22,630 totalExercise: $0.00→ Common Stock (33,945 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (11,315 RSUs) vest and convert into the right to receive one share of common stock per RSU (11,315 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 (11,315 RSUs) could vest and convert into the right to receive up to 2 shares of common stock per RSU (22,630 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 2, 2022, and ending April 27, 2025, per the terms of the award agreement.