Schnabel Michael 4

What Happened

• Michael Schnabel, a director of Lifetime Brands, was granted 12,440 shares of restricted common stock on June 18, 2026. The shares were issued for no consideration (price $0.00) as part of director compensation, so the immediate cash value reported is $0. The award vests on the first anniversary of the grant.

Key Details

• Transaction date and price: June 18, 2026 — Awarded 12,440 shares at $0.00 per share (issuance for no consideration).
• Vesting: Restricted stock vests on June 18, 2027 (one-year cliff) per the company’s 2000 Long-Term Incentive Plan (as amended through June 18, 2024).
• Shares owned after transaction: Not specified in the filing.
• Filing date/timeliness: Form 4 filed June 22, 2026; appears to be within the normal two-business-day reporting window.
• Footnotes: F1 — grant under the Amended and Restated 2000 Long‑Term Incentive Plan; F2 — common stock issued for no consideration as director compensation.

Context

• This was a compensation grant (award), not a market purchase or sale. Such director awards are routine forms of pay and do not necessarily signal immediate insider sentiment about the company’s stock price.
• The award is restricted and subject to vesting; Schnabel cannot freely sell the shares until they vest (and any company restrictions or trading-window rules are satisfied).