Lifetime Brands (LCUT) director awarded 12,440 restricted shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NANNINGA CHERRIE reported acquisition or exercise transactions in this Form 4 filing.
LIFETIME BRANDS, INC director Cherrie Nanninga received a grant of 12,440 shares of common stock as part of director compensation. The restricted stock was issued for no cash consideration under the company’s Amended and Restated 2000 Long-Term Incentive Plan and will vest on the first anniversary of the June 18, 2026 grant date. Following this award, Nanninga holds 141,054 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NANNINGA CHERRIE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,440 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 141,054 shares (Direct, null)
Footnotes (1)
- The restricted stock was granted on June 18, 2026, pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan (as amended through June 18, 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.
Key Figures
Restricted stock grant: 12,440 shares
Post-grant holdings: 141,054 shares
Grant price: $0.0000 per share
+1 more
4 metrics
Restricted stock grant
12,440 shares
Awarded June 18, 2026 as director compensation
Post-grant holdings
141,054 shares
Common stock held directly after the transaction
Grant price
$0.0000 per share
Issued for no consideration as part of compensation
Vesting schedule
1-year cliff vesting
Vests on first anniversary of June 18, 2026 grant
Key Terms
restricted stock, Amended and Restated 2000 Long-Term Incentive Plan, director compensation, Grant, award, or other acquisition
4 terms
restricted stock financial
"The restricted stock was granted on June 18, 2026, pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Amended and Restated 2000 Long-Term Incentive Plan financial
"pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan (as amended through June 18, 2024)"
director compensation financial
"The common stock was issued for no consideration as part of director compensation."
Grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did LCUT director Cherrie Nanninga report?
LCUT director Cherrie Nanninga reported receiving 12,440 shares of common stock as a restricted stock grant. The award was part of director compensation and involved no cash payment, reflecting equity-based pay rather than an open-market purchase or sale.
Was the LCUT restricted stock grant to Cherrie Nanninga an open-market purchase?
No, the 12,440-share grant to Cherrie Nanninga was not an open-market purchase. The common stock was issued for no consideration as part of director compensation under Lifetime Brands’ long-term incentive plan, rather than being bought on the stock market.
When does Cherrie Nanninga’s LCUT restricted stock award vest?
The restricted stock award to Cherrie Nanninga vests on the first anniversary of the June 18, 2026 grant date. Vesting means she will fully earn the 12,440 restricted shares after one year, assuming she meets the applicable service conditions.
Under which plan was the LCUT restricted stock granted to Cherrie Nanninga?
The restricted stock was granted under Lifetime Brands’ Amended and Restated 2000 Long-Term Incentive Plan, as amended through June 18, 2024. This plan governs equity-based awards such as restricted stock used to compensate directors and align their interests with shareholders.