Daniel Siegel - Mar 8, 2023 Form 4 Insider Report for LIFETIME BRANDS, INC (LCUT)

Role
President
Signature
/s/ Sara Shindel, attorney-in-fact for Daniel Siegel
Stock symbol
LCUT
Transactions as of
Mar 8, 2023
Transactions value $
-$31,900
Form type
4
Date filed
3/10/2023, 03:07 PM
Previous filing
Jun 28, 2022
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCUT Common Stock Award $0 +7.28K +2.11% $0.00 352K Mar 8, 2023 Direct F1
transaction LCUT Common Stock Tax liability -$15.1K -2.56K -0.73% $5.92 350K Mar 8, 2023 Direct F2
transaction LCUT Common Stock Tax liability -$8.58K -1.45K -0.41% $5.92 348K Mar 8, 2023 Direct F3
transaction LCUT Common Stock Award $0 +17.5K +5.02% $0.00 366K Mar 8, 2023 Direct F4
transaction LCUT Common Stock Tax liability -$8.17K -1.34K -0.37% $6.09 365K Mar 9, 2023 Direct F5
holding LCUT Common Stock 8.4K Mar 8, 2023 Spouse
holding LCUT Common Stock 3.4K Mar 8, 2023 Custodian F6
holding LCUT Common Stock 3.4K Mar 8, 2023 Custodian 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 4,125 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 3,750 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 Uniform Transfer to Minors Act Custodian for Child 1
F7 Uniform Transfer to Minors Act Custodian for Child 2