SIEGEL DANIEL 4

What Happened

• Daniel Siegel, President of Lifetime Brands (LCUT), received a grant of 63,292 restricted shares on 2026-03-09 under the company's LTIP (reported as acquisition code A, $0.00 per share).
• To cover tax withholding on vesting of prior restricted-share awards, 5,583 shares were surrendered (disposed) on 2026-03-08 in three withholding transactions (1,706; 1,809; 2,068 shares) at $3.16 per share, totaling $17,642 (reported as code F — tax withholding/surrender).
• The newly granted 63,292 shares vest 25% per year over four years beginning on the first anniversary of the grant (see Footnote F4); the withheld shares relate to vesting installments from earlier grants (Footnotes F1–F3).

Key Details

• Transaction dates/prices: 2026-03-08 — 1,706 / 1,809 / 2,068 shares withheld at $3.16 each; 2026-03-09 — 63,292 shares granted at $0.00 reported value.
• Total withheld shares: 5,583 for taxes; total withholding value reported: $17,642. Approximate market value of the 63,292 grant at $3.16/share ≈ $200,000 (not reported as sale proceeds).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes: F1–F3 explain the withholdings were tax withholding on vesting of restricted stock grants from 2022–2024; F4 describes the new grant vesting schedule; F5 references a Uniform Transfer to Minors Act custodian (as noted in the filing).
• Filing timeliness: Report filed 2026-03-10 for transactions on 2026-03-08 and 03-09 — appears timely (no late filing indicated).

Context

• The disposals are tax-withholding surrenders (code F), not open-market sales; these are routine when restricted stock vests and do not necessarily signal a change in insider sentiment.
• The 63,292-share item is a restricted stock award that vests over time (25% annually), so the economic benefit is realized gradually.
• For retail investors, grants like this increase the insider’s potential future stake if shares vest, while withholding actions simply satisfy tax obligations.