Bruno Thomas 4
4 · CULP INC · Filed Oct 2, 2023
Insider Transaction Report
Form 4
CULP INCCULP
Bruno Thomas
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2023-09-28+35,814→ 88,520 totalExercise: $0.00→ Common Stock (47,752 underlying)
Footnotes (2)
- [F1]Contingent right to issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (17,907 RSUs) vest and convert into the right to receive one share of common stock per RSU (17,907 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 (17,907 RSUs) could vest and convert into the right to receive up to a maximum of 29,845 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning May 1, 2023 and ending May 3, 2026, per the terms of the award agreement.