Lifetime Brands (NASDAQ: LCUT) CEO reports 8,877-share tax withholding on vesting
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kay Robert Bruce
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,877 | $3.02 | $27K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 757,291 shares (Direct);
Common Stock — 66,000 shares (Indirect, Trust)
Footnotes (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. Irrevocable family trust for which the reporting person's spouse is a trustee.
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.
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.