Kay Robert Bruce 4

4 · LIFETIME BRANDS, INC · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

Lifetime Brands (LCUT) CEO Kay Bruce Receives Award, Withholds Shares

What Happened

Kay Robert Bruce, CEO of Lifetime Brands, received a grant of 79,114 restricted shares on 2026-03-09 (reported on Form 4). The grant is reported at $0.00 per share (an equity award).
On 2026-03-08 Bruce had 12,042 shares "disposed" at $3.16 per share as tax-withholding related to vested restricted stock (three withholding transactions totaling $38,053). These were not open-market sales for investment purposes but shares surrendered to satisfy tax liabilities.

Key Details

Transaction dates and prices:
- 2026-03-08: Withholding disposals — 4,381 shares @ $3.16 ($13,844); 3,380 shares @ $3.16 ($10,681); 4,281 shares @ $3.16 ($13,528). Total withheld = 12,042 shares for ~$38,053.
- 2026-03-09: Award/grant — 79,114 restricted shares @ $0.00.
Shares owned after transaction: Not specified in the provided excerpt of the filing.
Notable footnotes:
- The withholdings (code F) were to pay taxes on vested restricted stock from prior grants (see F1–F3 for grant dates and vesting schedules).
- The new restricted stock grant (F4) vests 25% per year over four years beginning on the first anniversary.
- F5/F6 note the reporting person disclaims beneficial ownership of securities held by an irrevocable family trust for which the spouse is trustee.
Timeliness: Reported on Form 4 filed 2026-03-10 for transactions on 2026-03-08 and 03-09 — appears timely (Form 4 is typically due within two business days).

Context

Code meanings: F = tax withholding (shares withheld/disposed to cover taxes), A = award/grant. Withholding disposals are routine tax-related transactions and do not necessarily indicate a sell decision on the market.
The new award is restricted stock, not an immediate sale or option exercise; it vests over time (so economic benefit is realized gradually if vesting conditions are met).

Form 4

Period: 2026-03-08

DirectorChief Executive Officer

Transactions

Holdings

Footnotes (6)

[F1]Payment of tax liability by withholding Common Stock incident to the vesting of 24,625 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.
[F2]Payment of tax liability by withholding Common Stock incident to the vesting of 18,750 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.
[F3]Payment of tax liability by withholding Common Stock incident to the vesting of 23,750 restricted stock. The restricted shares were granted on March 8, 2024 and vest 25% per year in four equal installments on each of March 8, 2025, March 8, 2026, March 8, 2027, and March 8, 2028.
[F4]The restricted stock was granted on March 9, 2026 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.
[F5]The reporting person disclaims beneficial ownership of all securities held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
[F6]Irrevocable family trust for which the reporting person's spouse is a trustee.

Signature

/s/ Sara Shindel Attorney-in-fact for Robert B. Kay|2026-03-10

1 file