Huffman Teresa Atkins 4
4 · CULP INC · Filed Oct 2, 2023
Insider Transaction Report
Form 4
CULP INCCULP
Huffman Teresa Atkins
SVP & CHRO
Transactions
- Award
Restricted Stock Units
2023-09-28+17,498→ 34,359 totalExercise: $0.00→ Common Stock (23,331 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (8,749 RSUs) vest and convert into the right to receive one share of common stock per RSU (8,749 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 (8,749 RSUs)could vest and convert into the right to receive up to a maximum of 14,582 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.