Lifetime Brands (LCUT) president has shares withheld for taxes on vested stock
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
SIEGEL DANIEL
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,862 | $3.02 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 468,540 shares (Direct);
Common Stock — 8,400 shares (Indirect, Spouse)
Footnotes (1)
- 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. Uniform Transfer to Minors Act Custodian for Child 2
FAQ
What insider transaction did Lifetime Brands (LCUT) President Daniel Siegel report?
Daniel Siegel reported a tax-related disposition of Lifetime Brands common stock. On March 11, 2026, 2,862 shares were withheld to satisfy tax obligations tied to vesting restricted stock, rather than sold in the open market.
What is the source of the restricted stock involved in Daniel Siegel’s LCUT filing?
The restricted stock was part of an 8,000-share grant made on March 11, 2025. According to the disclosure, these shares vest in four equal installments on March 11 of 2026, 2027, 2028, and 2029.