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Lifetime Brands (NASDAQ: LCUT) CEO reports 8,877-share tax withholding on vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lifetime Brands, Inc. director and Chief Executive Officer Robert Bruce Kay had 8,877 shares of Common Stock withheld on March 11, 2026 to cover tax liabilities tied to restricted stock vesting. The footnote states this withholding related to the vesting of 49,246 restricted shares granted on March 11, 2025, which vest in four equal installments on March 11 of 2026, 2027, 2028, and 2029. This is characterized as a tax-withholding disposition rather than an open-market sale. Following the transaction, he holds 757,291 shares directly and 66,000 shares indirectly through an irrevocable family trust for which his spouse is a trustee.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kay Robert Bruce

(Last) (First) (Middle)
C/O LIFETIME BRANDS, INC.
1000 STEWART AVENUE

(Street)
GARDEN CITY NY 11530

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIFETIME BRANDS, INC [ LCUT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/11/2026 F 8,877 D $3.02(1) 757,291 D
Common Stock 66,000 I Trust(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Payment of tax liability by withholding Common Stock incident to the vesting of 49,246 restricted stock. The restricted shares were granted on March 11, 2025 and vest in four equal installments on each of March 11, 2026, March 11, 2027, March 11, 2028, March 11, 2029.
2. Irrevocable family trust for which the reporting person's spouse is a trustee.
Remarks:
/s/ Sara Shindel Attorney-in-fact for Robert B. Kay 03/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did LCUT CEO Robert Bruce Kay report?

Robert Bruce Kay reported a tax-withholding disposition of 8,877 Lifetime Brands Common Stock shares. These shares were withheld to pay tax liabilities arising from the vesting of restricted stock granted in March 2025, rather than being sold in the open market.

Why were 8,877 LCUT shares disposed of in this Form 4 filing?

The 8,877 shares were withheld to satisfy tax liabilities from the vesting of 49,246 restricted shares. The filing notes this as payment of tax liability by withholding Common Stock incident to vesting, making it a routine compensation-related event instead of a discretionary sale.

How many Lifetime Brands (LCUT) shares does Robert Bruce Kay hold after the transaction?

After the tax-withholding transaction, Robert Bruce Kay holds 757,291 Lifetime Brands Common Stock shares directly. He also has an indirect holding of 66,000 shares through an irrevocable family trust, for which his spouse serves as a trustee, according to the filing footnote.

What restricted stock vesting schedule is disclosed for LCUT’s Robert Bruce Kay?

The filing discloses 49,246 restricted shares granted on March 11, 2025 to Robert Bruce Kay. These restricted shares vest in four equal installments on March 11, 2026; March 11, 2027; March 11, 2028; and March 11, 2029, forming a multi-year vesting schedule.

How are Robert Bruce Kay’s indirect LCUT holdings structured?

Robert Bruce Kay’s indirect holding totals 66,000 Lifetime Brands shares, classified as indirect ownership. A footnote explains these shares are held in an irrevocable family trust for which his spouse is a trustee, indicating they are not held in his direct personal account.
Lifetime Brands Inc

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78.84M
11.83M
Furnishings, Fixtures & Appliances
Cutlery, Handtools & General Hardware
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United States
GARDEN CITY