Kay Robert Bruce 4

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).