Lifetime Brands president reports tax share withholding
Lifetime Brands, Inc. President Daniel Siegel reported a tax-related share disposition in company stock.
Rhea-AI Filing Summary
Lifetime Brands, Inc. President Daniel Siegel reported a tax-related share disposition in company stock. On March 11, 2026, 2,862 shares of Lifetime Brands common stock were withheld at $3.02 per share to cover tax liabilities arising from the vesting of 8,000 restricted shares.
After this withholding, Siegel directly owned 468,540 common shares. He also had indirect holdings, including 8,400 shares held by his spouse and 3,400 shares held as custodian for his son under the Uniform Transfers to Minors Act. This filing reflects compensation-related tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,862 | $3.02 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Payment of tax liability by withholding Common Stock incident to the vesting of 8,000 restricted stock. The restricted shares were granted on March 11, 2025 and vest in four equal installments on each of March 11, 2026, March 11, 2027, March 11, 2028, March 11, 2029.
- F2. Uniform Transfer to Minors Act Custodian for Child 2
FAQ
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What insider transaction did Lifetime Brands (LCUT) President Daniel Siegel report?
What is the source of the restricted stock involved in Daniel Siegel’s LCUT filing?
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