Lifetime Brands (LCUT) president awarded 63K shares, withholds stock for taxes
Rhea-AI Filing Summary
Lifetime Brands President Daniel Siegel reported equity compensation and related tax withholding transactions in company stock. On March 9, 2026, he received a grant of 63,292 shares of restricted Common Stock at $0.00 per share, vesting 25% per year in four equal annual installments starting on the first anniversary of the grant.
On March 8, 2026, a total of 5,583 shares of Common Stock were withheld at $3.16 per share to cover tax liabilities tied to the vesting of earlier restricted stock awards granted in 2022, 2023, and 2024. After these transactions, Siegel holds 471,402 shares directly, with additional indirect holdings of 8,400 shares through his spouse and 3,400 shares as custodian for his son.
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Insights
Routine stock grant and tax withholding, modest versus overall holdings.
Lifetime Brands President Daniel Siegel received 63,292 restricted shares on March 9, 2026 as part of the company’s long‑term incentive plan. The grant vests 25% annually over four years, aligning compensation with multi‑year company performance.
On March 8, 2026, 5,583 shares were disposed of via F‑code transactions at $3.16 per share to satisfy tax obligations from vesting restricted stock granted in 2022, 2023, and 2024. These are non‑market, mechanistic withholdings rather than open‑market sales.
Following the transactions, Siegel directly owns 471,402 shares, plus indirect positions through his spouse and as custodian for his son. The tax withholdings are small relative to his overall stake, so the filing mainly updates investors on ongoing equity compensation rather than signaling a change in sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 63,292 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,706 | $3.16 | $5K |
| Tax Withholding | Common Stock | 1,809 | $3.16 | $6K |
| Tax Withholding | Common Stock | 2,068 | $3.16 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Payment of tax liability by withholding Common Stock incident to the vesting of 4,125 restricted stock. The restricted shares were granted on March 8, 2022 and vest 25% per year in four equal installments on each of March 8, 2023, March 8, 2024, March 8, 2025, and March 8, 2026. Payment of tax liability by withholding Common Stock incident to the vesting of 4,375 restricted stock. The restricted shares were granted on March 8, 2023 and vest 25% per year in four equal installments on each of March 8, 2024, March 8, 2025, March 8, 2026, and March 8, 2027. Payment of tax liability by withholding Common Stock incident to the vesting of 5,000 restricted stock. The restricted shares were granted on March 8, 2024 and vest 25% per year in four equal installments on each of March 8, 2025, March 8, 2026, March 8, 2027, and March 8, 2028. The restricted stock was granted on March 9, 2026 pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan and vests 25% per year in four equal annual installments commencing on the first anniversary of the date of grant. Uniform Transfer to Minors Act Custodian for Child 2