LCUT Director Craig Phillips Now Holds 645,293 Shares After Latest Stock Award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Craig Phillips, Director at Lifetime Brands (LCUT), received a grant of 27,777 restricted shares of common stock on June 18, 2025, as part of director compensation. The shares were awarded at no cost ($0) under the company's Amended and Restated 2000 Long-Term Incentive Plan.
Key details of the transaction:
- The restricted stock grant will vest on the first anniversary of the grant date (June 18, 2026)
- Following the transaction, Phillips beneficially owns 645,293 shares directly
- The shares were issued as part of standard director compensation arrangements
- The Form 4 was filed through an attorney-in-fact on June 20, 2025
This insider transaction represents standard board compensation practices and indicates continued alignment between director and shareholder interests through equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PHILLIPS CRAIG
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,777 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 645,293 shares (Direct)
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 are the vesting terms for LCUT restricted stock granted to Craig Phillips?
The restricted stock granted on June 18, 2025, vests on the first anniversary of the grant date (June 18, 2026), according to the terms of the Company's Amended and Restated 2000 Long-Term Incentive Plan.
Who filed the Form 4 for LCUT Director Craig Phillips?
The Form 4 was filed by Sara Shindel, acting as attorney-in-fact for Craig Phillips, and was signed on June 20, 2025.