07/14/2025 | Press release | Distributed by Public on 07/14/2025 17:33
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units(1) | $ 0 | 07/11/2025 | M | 13,935 | (2) | (2) | Common Stock | 13.935 | $ 0 | 0 (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CULP ROBERT GEORGE IV CULP INNOVATION CENTER AT CONGDON YARDS 410 WEST ENGLISH ROAD - 5TH FLOOR HIGH POINT, NC 27262 |
X | President & CEO |
/s/ Robert G. Culp, IV | 03/14/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Contingent right to receive Culp, Inc. common stock. |
(2) | These restricted stock units represent the right to receive 13,935 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of the three-year vesting period, as described in the award agreement. |
(3) | Reflects the total number of service-based restricted stock units with a vesting date of July 11, 2025, held by the reporting person following the reported transaction. |
(4) | Estimated number of shares based on calculation from information provided by 401(k) plan administrator regarding units in the stock fund held by the reporting person. |
(5) | These shares are held of record by CIBC National Trust Company for the benefit of the reporting person's daughter. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive, and investment power with respect to these shares. |
(6) | These shares are held of record by CIBC National Trust Company for the benefit of the reporting person's son. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares. |