Lifetime Brands (LCUT) CEO granted 79,114-share stock award, tax shares withheld
Rhea-AI Filing Summary
Lifetime Brands, Inc. CEO Robert Bruce Kay reported equity compensation and related tax withholding transactions in company common stock. On March 9, 2026, he received a grant of 79,114 restricted shares at no cost, which vest in four equal annual installments starting on the first anniversary of the grant date.
On March 8, 2026, a total of 12,042 shares were withheld at $3.16 per share to pay tax liabilities tied to vesting restricted stock from grants dated March 8, 2022, March 8, 2023, and March 8, 2024. After these transactions, he directly holds 766,168 shares of common stock. An irrevocable family trust associated with his spouse holds 66,000 shares, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insights
CEO received a sizable stock grant, while share withholdings only covered taxes on vesting awards.
The CEO of Lifetime Brands, Inc. received 79,114 restricted shares on March 9, 2026, vesting 25% per year over four years. This is compensation, not a market purchase, and does not involve cash paid by the insider.
On March 8, 2026, 12,042 shares were withheld at $3.16 per share to satisfy tax obligations on earlier restricted stock vesting. These F-code transactions are mechanical and not open-market sales. Following the grant, he directly owns 766,168 shares, while an irrevocable family trust associated with his spouse holds 66,000 shares that he disclaims beneficial ownership of.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 79,114 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,381 | $3.16 | $14K |
| Tax Withholding | Common Stock | 3,380 | $3.16 | $11K |
| Tax Withholding | Common Stock | 4,281 | $3.16 | $14K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Payment of tax liability by withholding Common Stock incident to the vesting of 24,625 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 18,750 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 23,750 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. The reporting person disclaims beneficial ownership of all securities held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Irrevocable family trust for which the reporting person's spouse is a trustee.