Lifetime Brands Board Member Grows Stake to 83K Shares Through Latest Grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Veronique Gabai-Pinsky of Lifetime Brands (LCUT) received a significant stock grant as part of director compensation on June 18, 2025. The transaction details include:
- Acquisition of 27,777 shares of restricted common stock at $0 consideration
- Shares will vest on the first anniversary of the grant date (June 18, 2026)
- Grant made under the Amended and Restated 2000 Long-Term Incentive Plan
- Following the transaction, Gabai-Pinsky directly owns 79,654 shares
- Additionally holds indirect ownership of 3,500 shares through spouse
This Form 4 filing indicates continued alignment of director interests with shareholders through equity-based compensation, with the one-year vesting period encouraging long-term commitment to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gabai-Pinsky Veronique
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,777 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 79,654 shares (Direct);
Common Stock — 3,500 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 director Gabai-Pinsky's restricted stock grant?
The restricted stock granted to Gabai-Pinsky on June 18, 2025, will vest 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 is the total LCUT stock ownership of Veronique Gabai-Pinsky after the June 2025 grant?
After the June 18, 2025 grant, Veronique Gabai-Pinsky beneficially owns a total of 83,154 shares of LCUT, consisting of 79,654 shares held directly and 3,500 shares held indirectly through her spouse.
What was the purchase price of LCUT restricted stock granted to director Gabai-Pinsky?
The restricted stock was issued for no consideration ($0) as part of director compensation, according to the Form 4 filing.