LIFETIME BRANDS, INC·4

Mar 12, 5:28 PM ET

WINOKER LAURENCE 4

Research Summary

AI-generated summary

Updated

Lifetime Brands (LCUT) CFO Laurence Winoker Withholds Shares for Taxes

What Happened
Laurence Winoker, EVP, Treasurer & CFO of Lifetime Brands (LCUT), had 1,396 shares withheld to satisfy a tax liability tied to the vesting of restricted stock. The filing reports the shares were disposed at $3.02 per share for a total value of approximately $4,216. This was a tax-withholding disposition (transaction code F), not an open-market sale driven by investment intent.

Key Details

  • Transaction date: 2026-03-11; reported/ filed: 2026-03-12 (timely filing).
  • Disposition: 1,396 shares withheld at $3.02/share → ~$4,216. (Code F = tax withholding)
  • Footnote: Withholding was to pay taxes incident to the vesting of 3,375 restricted shares granted 2025-03-11, which vest in four equal annual installments starting 2026-03-11.
  • Shares owned after the transaction: not specified in the provided excerpt.

Context
Tax-withholding by issuing or retaining shares upon RSU vesting is routine and generally does not reflect the insider’s buying/selling preference for the company’s stock. This transaction simply covered tax obligations when RSUs vested; it should not be interpreted as a discretionary sale.