WINOKER LAURENCE 4
Research Summary
AI-generated summary
Lifetime Brands (LCUT) EVP/CFO Laurence Winoker Receives 20,000 Shares
What Happened
- Laurence Winoker, EVP, Treasurer & CFO of Lifetime Brands (LCUT), had 3,256 shares withheld to pay tax liabilities related to vesting restricted stock (dispositions reported at $3.16/share, totaling ~$10,289) and received a new grant of 20,000 restricted shares on March 9, 2026 (reported acquisition value $0).
- The withholding transactions are routine tax-withholdings (reported with transaction code F); the March 9 grant is an award of restricted stock (transaction code A) that vests over time.
Key Details
- Dates & prices: March 8, 2026 — three tax-withholding dispositions (827, 1,137, 1,292 shares) at $3.16 each (combined value ≈ $10,289); March 9, 2026 — grant of 20,000 restricted shares at $0.00.
- Shares owned after the transactions: not specified in this Form 4.
- Footnotes: the withheld shares cover vesting installments from prior grants (grants dated March 8 of 2022, 2023, 2024). The March 9, 2026 restricted stock grant vests 25% per year over four years, starting on the first anniversary.
- Filing: Form 4 filed March 10, 2026, reporting transactions of March 8–9, 2026 (filed within the normal reporting window).
Context
- Tax-withholding disposals are not open-market sales — they’re a common, administrative way to satisfy tax obligations when restricted stock vests and do not necessarily signal a decision to reduce holdings.
- The 20,000-share award is restricted stock that will vest over four annual installments (25% per year), so the shares are not immediately freely tradable.