Lifetime Brands (LCUT) CFO has shares withheld for tax payment on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifetime Brands, Inc. EVP, Treasurer & CFO Laurence Winoker reported a Form 4 showing 1,396 shares of common stock withheld on March 11, 2026 to cover tax liabilities tied to restricted stock vesting. After this tax-withholding disposition, he holds 138,184 shares of common stock directly.
The shares relate to a grant of 3,375 restricted shares made on March 11, 2025, which vest in four equal annual installments from March 11, 2026 through March 11, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WINOKER LAURENCE
Role
EVP, Treasurer, & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,396 | $3.02 | $4K |
Holdings After Transaction:
Common Stock — 138,184 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Lifetime Brands (LCUT) report on this Form 4?
Lifetime Brands reported that EVP, Treasurer & CFO Laurence Winoker had 1,396 shares of common stock withheld on March 11, 2026 to cover tax liabilities. This was a Form 4 tax-withholding disposition related to the vesting of previously granted restricted stock.
Was the Lifetime Brands (LCUT) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 1,396 shares of common stock were withheld by the company to pay tax liabilities triggered by restricted stock vesting on March 11, 2026.
What restricted stock grant is tied to this Lifetime Brands (LCUT) Form 4 event?
The transaction is tied to a grant of 3,375 restricted shares awarded on March 11, 2025. According to the disclosure, these restricted shares vest in four equal installments on March 11 of 2026, 2027, 2028, and 2029.
What does transaction code F mean in this Lifetime Brands (LCUT) Form 4?
Transaction code F indicates payment of tax liability by delivering or withholding securities. In this case, 1,396 Lifetime Brands common shares were withheld from the CFO’s vested restricted stock to satisfy tax obligations, rather than being sold in the open market.