Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 71

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 71
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 (575,269 | ) |     |              | (236,620 | ) |
| Year-end fair value of unvested awards granted in current year                                         |     |              |         — |   |     |              |        — |   |
| Year-over-year difference of year-end values for unvested awards in prior years                        |     |              |   (27,585 | ) |     |              |  (26,547 | ) |
| Fair values at vest date for awards granted and vested in current year                                 |     |              |         — |   |     |              |        — |   |
| Difference in fair values between year-end fair values and vest date fair values for awards granted in 
 prior years                                                                                            |     |              |         — |   |     |              |    5,990 |   |
| Forfeitures during current year equal to prior year-end fair value                                     |     |              |         — |   |     |              |        — |   |
| Dividends or dividend equivalents not otherwise included to total compensation                         |     |              |         — |   |     |              |        — |   |
| Total adjustments for equity awards                                                                    |     |              |  (602,854 | ) |     |              | (257,177 | ) |
| Compensation Actually Paid (as calculated)                                                             |     |              |   593,597 |   |     |              |  358,164 |   |

| ** | The methodology associated with the equity valuation assumptions for calculating ‟compensation actually paid” are not materially different from grant date methodology, with both using the Monte Carlo simulation model. |

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(3) The dollar amounts reported in this column represent the average amounts reported for our Company’s named executive officers as a group (excluding Mr. Culp) as shown in our ‟Total” column of the Summary Compensation Table in each applicable year. The names of each of the named executive officers included for purposes of calculating the average amounts in each applicable year are as follows: for fiscal 2025 and fiscal 2024, Mr. Bowling and Mr. Bruno, and for fiscal 2023, Boyd B. Chumbley (retired executive officer of the Company) and Mr. Bowling. (4) The dollar amounts reported in this column represent the Company’s total shareholder return ‟TSR” for the period beginning on the last trading day of the year preceding the