Lifetime Brands Director Siegel Grows Stake to 1.1M+ Shares Through Latest Grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Jeffrey Siegel of Lifetime Brands (LCUT) received a grant of 27,777 restricted shares on June 18, 2025, as part of director compensation. The shares were awarded at $0 consideration under the company's Amended and Restated 2000 Long-Term Incentive Plan.
Key details of the transaction:
- Shares will vest on the first anniversary of the grant date (June 18, 2026)
- Following the transaction, Siegel directly owns 1,168,028 shares
- Additionally holds 1,010 shares indirectly through spouse
This Form 4 filing indicates significant insider ownership by a board member, with the new grant representing approximately 2.4% of his total direct holdings. The transaction aligns director interests with shareholders through equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIEGEL JEFFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,777 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,168,028 shares (Direct);
Common Stock — 1,010 shares (Indirect, Spouse)
Footnotes (1)
- The restricted stock was granted on June 18, 2025, pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan (as amended through June 20, 2024) and vests on the first anniversary of the date of grant. The common stock was issued for no consideration as part of director compensation.
FAQ
What is the vesting schedule for LCUT's restricted stock granted to Jeffrey Siegel?
The restricted stock granted to Jeffrey Siegel on June 18, 2025, vests on the first anniversary of the grant date (June 18, 2026), according to the Company's Amended and Restated 2000 Long-Term Incentive Plan.
What was the purchase price of LCUT restricted stock granted to Jeffrey Siegel?
The restricted stock was issued for no consideration ($0) as part of director compensation.