Laurence Winoker - 08 Mar 2024 Form 4 Insider Report for LIFETIME BRANDS, INC (LCUT)

Role
EVP, Treasurer, & CFO
Signature
/s/ Sara Shindel, attorney-in-fact for Laurence Winoker
Issuer symbol
LCUT
Transactions as of
08 Mar 2024
Net transactions value
-$66,183
Form type
4
Filing time
12 Mar 2024, 16:35:53 UTC
Previous filing
27 Jun 2023
Next filing
26 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCUT Common Stock Award $0 +5,489 +5.2% $0.000000 111,213 08 Mar 2024 Direct F1
transaction LCUT Common Stock Tax liability $31,798 -3,258 -2.9% $9.76 107,955 08 Mar 2024 Direct F2
transaction LCUT Common Stock Tax liability $11,585 -1,187 -1.1% $9.76 106,768 08 Mar 2024 Direct F3
transaction LCUT Common Stock Tax liability $14,699 -1,506 -1.4% $9.76 105,262 08 Mar 2024 Direct F4
transaction LCUT Common Stock Award $0 +12,500 +12% $0.000000 117,762 08 Mar 2024 Direct F5
transaction LCUT Common Stock Tax liability $8,101 -830 -0.7% $9.76 116,932 09 Mar 2024 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 2,000 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 2,750 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 1,562 restricted stock. The restricted shares were granted on March 9, 2021 and vest in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, March 9, 2025.