LCUT CEO has 8,877 shares withheld for taxes
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,877 | $3.02 | $27K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Irrevocable family trust for which the reporting person's spouse is a trustee.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LCUT CEO Robert Bruce Kay report?
What restricted stock vesting schedule is disclosed for LCUT’s Robert Bruce Kay?
How are Robert Bruce Kay’s indirect LCUT holdings structured?
AI-generated analysis. How Rhea-AI works. Not financial advice.