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LIFETIME BRANDS, INC — Director's Dealing 2024
Mar 12, 2024
34247_dirs_2024-03-12_08959ee0-41ef-499e-93b8-c83053b4d712.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIFETIME BRANDS, INC (LCUT)
CIK: 0000874396
Period of Report: 2024-03-08
Reporting Person: SIEGEL DANIEL (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-08 | Common Stock | A | 13174 | — | Acquired | 377775 | Direct |
| 2024-03-08 | Common Stock | F | 4884 | $9.76 | Disposed | 372891 | Direct |
| 2024-03-08 | Common Stock | F | 1487 | $9.76 | Disposed | 371404 | Direct |
| 2024-03-08 | Common Stock | F | 1577 | $9.76 | Disposed | 369827 | Direct |
| 2024-03-08 | Common Stock | A | 20000 | — | Acquired | 389827 | Direct |
| 2024-03-09 | Common Stock | F | 1352 | $9.76 | Disposed | 388475 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8400 | Indirect |
| Common Stock | 3400 | Indirect |
| Common Stock | 3400 | Indirect |
Footnotes
F1: On March 9, 2021, the reporting person received a grant of performance shares (PSUs) that vest upon the satisfaction of certain performance conditions, for the performance period that ended December 31, 2023. On March 8, 2024, the Compensation Committee determined that certain of the performance conditions were met and shares subject to the PSUs vested.
F2: Portion of tax liability payment by withholding Common Stock incident to the vesting of PSUs.
F3: Payment of tax liability by withholding Common Stock incident to the vesting of 4,125 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.
F4: Payment of tax liability by withholding Common Stock incident to the vesting of 4,375 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.
F5: The restricted stock was granted on March 8, 2024 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.
F6: Payment of tax liability by withholding Common Stock incident to the vesting of 3,750 restricted stock. The restricted shares were granted on March 9, 2021 and vest 25% per year in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, and March 9, 2025.
F7: Uniform Transfer to Minors Act Custodian for Child 1
F8: Uniform Transfer to Minors Act Custodian for Child 2