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Lifetime Brands (LCUT) CEO granted 79,114-share stock award, tax shares withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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

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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.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kay Robert Bruce

(Last) (First) (Middle)
C/O LIFETIME BRANDS, INC.
1000 STEWART AVENUE

(Street)
GARDEN CITY NY 11530

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIFETIME BRANDS, INC [ LCUT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/08/2026 F 4,381 D $3.16(1) 694,715 D
Common Stock 03/08/2026 F 3,380 D $3.16(2) 691,335 D
Common Stock 03/08/2026 F 4,281 D $3.16(3) 687,054 D
Common Stock 03/09/2026 A 79,114 A $0(4) 766,168 D
Common Stock 66,000 I(5) Trust(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
5. 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.
6. Irrevocable family trust for which the reporting person's spouse is a trustee.
Remarks:
/s/ Sara Shindel Attorney-in-fact for Robert B. Kay 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Lifetime Brands (LCUT) CEO Robert Bruce Kay report on this Form 4?

He reported a grant of 79,114 restricted shares of Lifetime Brands common stock on March 9, 2026, plus related tax-withholding share dispositions on March 8, 2026, tied to vesting restricted stock granted in 2022, 2023, and 2024.

How many Lifetime Brands (LCUT) shares does the CEO hold after these transactions?

After the reported transactions, Robert Bruce Kay directly holds 766,168 shares of Lifetime Brands common stock. In addition, an irrevocable family trust associated with his spouse holds 66,000 shares, but he expressly disclaims beneficial ownership of those trust-held securities.

Was there any open-market buying or selling by the Lifetime Brands (LCUT) CEO?

No open-market purchases or sales were reported. The Form 4 shows a restricted stock grant at no cost and F-code transactions in which 12,042 shares were withheld at $3.16 per share solely to cover tax liabilities on vesting restricted stock awards.

What is the vesting schedule for the 79,114 restricted shares granted to the Lifetime Brands (LCUT) CEO?

The 79,114 restricted shares granted on March 9, 2026 vest in four equal annual installments. Vesting occurs at a rate of 25% per year, beginning on the first anniversary of the grant date, under the company’s Amended and Restated 2000 Long-Term Incentive Plan.

Why were Lifetime Brands (LCUT) shares withheld on March 8, 2026 for the CEO?

On March 8, 2026, 12,042 shares were withheld at $3.16 per share to pay tax liabilities. These arose from vesting of restricted stock originally granted on March 8, 2022, March 8, 2023, and March 8, 2024, each vesting in four equal annual installments.

How are the Lifetime Brands (LCUT) shares held in the family trust treated for the CEO’s ownership?

An irrevocable family trust associated with Robert Bruce Kay’s spouse holds 66,000 Lifetime Brands shares. He disclaims beneficial ownership of all securities held by this trust, stating the report should not be deemed an admission that he is their beneficial owner.
Lifetime Brands Inc

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78.84M
11.83M
Furnishings, Fixtures & Appliances
Cutlery, Handtools & General Hardware
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United States
GARDEN CITY