Lifetime Brands Director Receives 27,777 Shares in Annual Compensation Grant
Director Jeffrey Siegel of Lifetime Brands (LCUT) received a grant of 27,777 restricted shares on June 18, 2025, as part of director compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,777 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. The common stock was issued for no consideration as part of director compensation.
FAQ
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