Robert B. Kay - Mar 8, 2023 Form 4 Insider Report for LIFETIME BRANDS, INC (LCUT)

Role
Chief Executive Officer, Director
Signature
/s/ Sara Shindel, attorney-in-fact for Robert B. Kay
Stock symbol
LCUT
Transactions as of
Mar 8, 2023
Transactions value $
-$117,763
Form type
4
Date filed
3/10/2023, 03:04 PM
Previous filing
Jun 28, 2022
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCUT Common Stock Award $0 +11.6K +3.11% $0.00 386K Mar 8, 2023 Direct F1
transaction LCUT Common Stock Tax liability -$24.6K -4.16K -1.08% $5.92 382K Mar 8, 2023 Direct F2
transaction LCUT Common Stock Tax liability -$52.6K -8.88K -2.32% $5.92 373K Mar 8, 2023 Direct F3
transaction LCUT Common Stock Award $0 +75K +20.08% $0.00 448K Mar 8, 2023 Direct F4
transaction LCUT Common Stock Tax liability -$40.6K -6.67K -1.49% $6.09 442K Mar 9, 2023 Direct F5
holding LCUT Common Stock 63K Mar 8, 2023 Trust F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 25, 2020, the reporting person received a grant of performance shares (PSUs) that vest upon the satisfaction of certain performance conditions, with a performance period that ended December 31, 2022. On March 8, 2023, 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 24,625 restricted stock. The restricted shares were granted on March 8, 2022 and vests 25% per year in four equal installments on each of March 8, 2023, March 8, 2024, March 8, 2025, and March 8, 2026.
F4 The restricted stock was granted on March 8, 2023 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.
F5 Payment of tax liability by withholding Common Stock incident to the vesting of 18,491 restricted stock. The restricted shares were granted on March 9, 2021 and vests 25% per year in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, and March 9, 2025.
F6 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.
F7 Irrevocable family trust for which the reporting person's spouse is a trustee.