Bowling Kenneth R 4
4 · CULP INC · Filed Oct 2, 2023
Insider Transaction Report
Form 4
CULP INCCULP
Bowling Kenneth R
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2023-09-28+37,768→ 74,161 totalExercise: $0.00→ Common Stock (50,357 underlying)
Footnotes (2)
- [F1]Contingent right to issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (18,884 RSUs) vest and convert into the right to receive one share of common stock per RSU (18,884 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 1/2 of these RSUs (18,884 RSUs) could vest and convert into the right to receive up to a maximum of 31,473 total shares of common stock if the company achieves certain performance criteria over a three year period beginning May 1, 2023 and ending may 3, 2026, per the terms of the award agreement.