SIEGEL DANIEL 4
4 · LIFETIME BRANDS, INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Lifetime Brands (LCUT) President Daniel Siegel Withholds 2,862 Shares
What Happened
Daniel Siegel, President of Lifetime Brands (LCUT), had 2,862 shares withheld on March 11, 2026 to satisfy tax obligations associated with the vesting of restricted stock. The shares were recorded at $3.02 each for a total value of $8,643. This transaction is coded F (tax withholding), not an open-market sale.
Key Details
- Transaction date: 2026-03-11; Price: $3.02 per share; Shares withheld/disposed: 2,862; Total value ≈ $8,643.
- Footnote F1: Withholding was to pay tax liability on an 8,000-share restricted stock grant (granted 2025-03-11) that vests in four equal annual installments on March 11 of 2026–2029.
- Footnote F2: References a Uniform Transfer to Minors Act (UTMA) custodian for Child 2 (possible internal transfer noted).
- Shares owned after the transaction: not disclosed in this filing.
- Filing date: 2026-03-12 for a 2026-03-11 transaction (filed the next day; not marked late).
Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative transaction (code F) and should not be read as a directional buy/sell signal. The granted award vests in future installments (through 2029), so additional routine withholdings or transfers could occur on future vest dates.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-11$3.02/sh−2,862$8,643→ 468,540 total
- 8,400(indirect: By Spouse)
Common Stock
- 3,400(indirect: Custodian for son)
Common Stock
[F2]
Footnotes (2)
- [F1]Payment of tax liability by withholding Common Stock incident to the vesting of 8,000 restricted stock. The restricted shares were granted on March 11, 2025 and vest in four equal installments on each of March 11, 2026, March 11, 2027, March 11, 2028, March 11, 2029.
- [F2]Uniform Transfer to Minors Act Custodian for Child 2