Lifetime Brands (NASDAQ: LCUT) director awarded 12,440 restricted shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POLLACK BRUCE G reported acquisition or exercise transactions in this Form 4 filing.
Lifetime Brands director Bruce G. Pollack received an equity grant rather than buying shares on the market. On the grant date, he was awarded 12,440 shares of restricted common stock at $0.00 per share as part of director compensation. The award was made under the company’s Amended and Restated 2000 Long-Term Incentive Plan and vests on the first anniversary of the grant date. After this grant, Pollack directly holds 106,780 common shares. A separate Form 4 entry shows 5,993,116 shares held indirectly through Taylor Parent, LLC; Pollack may be deemed to beneficially own those only to the extent of his pecuniary interest and expressly disclaims broader beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
POLLACK BRUCE G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,440 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 106,780 shares (Direct, null);
Common Stock — 5,993,116 shares (Indirect, See Footnote 3)
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. Represents shares held by Taylor Parent, LLC ("Taylor Parent"). CP Taylor GP, LLC ("CP Taylor") has the authority to appoint the board of directors of Taylor Parent. Centre Partners V, L.P. ("Centre Partners LP") is the sole member of CP Taylor. Centre Partners V LLC ("Centre Partners") is the general partner of Centre Partners LP. JRJ V LP ("JRJ LP") is a co-manager of Centre Partners. JRJ Inc. ("JRJ") is the general partner of JRJ LP. The reporting person is the president of JRJ. As such, the reporting person may be deemed to beneficially own the shares of common stock owned directly by Taylor Parent. The reporting person disclaims beneficial ownership of such shares, and this report may not be deemed an admission that either the reporting person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
Key Figures
Restricted stock grant: 12,440 shares
Grant price: $0.00 per share
Direct holdings after grant: 106,780 shares
+2 more
5 metrics
Restricted stock grant
12,440 shares
Common Stock award to director on June 18, 2026
Grant price
$0.00 per share
Director compensation restricted stock
Direct holdings after grant
106,780 shares
Common Stock directly owned by Pollack
Indirect holdings via Taylor Parent
5,993,116 shares
Common Stock held indirectly through Taylor Parent, LLC
Vesting schedule
1-year cliff
Restricted stock vests on first anniversary of grant
Key Terms
restricted stock, Long-Term Incentive Plan, director compensation, beneficially own, +1 more
5 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.
Long-Term Incentive Plan financial
"pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan (as amended through June 18, 2024)"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
director compensation financial
"The common stock was issued for no consideration as part of director compensation."
beneficially own financial
"the reporting person may be deemed to beneficially own the shares of common stock owned directly by Taylor Parent."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
FAQ
What did LCUT director Bruce G. Pollack report in this Form 4?
Bruce G. Pollack reported receiving 12,440 shares of restricted common stock as director compensation. The shares were granted at $0.00 per share and will vest after one year under Lifetime Brands’ long‑term incentive plan.
Is the LCUT Form 4 transaction an open-market purchase or sale?
The LCUT Form 4 shows a grant of restricted stock, not an open-market trade. Code “A” reflects a compensation-related award at no cash cost, so it does not indicate buying or selling in the market.