Kay Robert Bruce 4

What Happened

• Kay Robert Bruce, CEO of Lifetime Brands (LCUT), had 8,877 shares withheld on March 11, 2026 to satisfy tax withholding related to the vesting of restricted stock. The shares were disposed at $3.02 each for a total value of $26,809. This was a withholding to pay tax liability (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-11, 8,877 shares at $3.02 each (total $26,809).
• Transaction type: F = tax withholding (shares withheld to cover tax liability upon vesting).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Withholding was incurred in connection with the vesting of 49,246 restricted shares granted on March 11, 2025 that vest in four equal annual installments on March 11 of 2026, 2027, 2028 and 2029.
  • F2: Some holdings may be held by an irrevocable family trust for which the reporting person’s spouse is trustee.
• Filing timeliness: Report filed the next day (no indication of a late filing in the provided data).

Context

• This was a routine tax-withholding disposition tied to restricted stock vesting, not a discretionary open-market sale. Such withholdings are common and typically do not signal a change in the insider’s view of the company.