Form 4 for LCUT LIFETIME BRANDS, INC
Accepted 2023-03-10 00:00:00 ET · period of report 2023-03-08 · accession 0001628280-23-007514 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-03-10 | 2023-03-08+ | LCUT | Kay Robert Bruce | CEO, Dir | F - Tax | $5.98 | -19.7K | 382.3K | -5% | -$117.8K |
| M | 2023-03-10 | 2023-03-08 | LCUT | Kay Robert Bruce | CEO, Dir | A - Grant | $0.00 | +86.6K | 386.5K | +29% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-09 | F | D | 6,666 | $6.09 | 441,765 | D | — | — | (F5) Payment of tax liability by withholding Common Stock incident to the vesting of 18,491 restricted stock. The restricted shares were granted on March 9, 2021 and vests 25% per year in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, and March 9, 2025. |
| 2 | Common | Common Stock | 2023-03-08 | A | A | 75,000 | $0.00 | 448,431 | D | — | — | (F4) The restricted stock was granted on March 8, 2023 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. |
| 3 | Common | Common Stock | 2023-03-08 | F | D | 8,877 | $5.92 | 373,431 | D | — | — | (F3) 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 vests 25% per year in four equal installments on each of March 8, 2023, March 8, 2024, March 8, 2025, and March 8, 2026. |
| 4 | Common | Common Stock | 2023-03-08 | F | D | 4,158 | $5.92 | 382,308 | D | — | — | (F2) Portion of tax liability payment by withholding Common Stock incident to the vesting of PSUs. |
| 5 | Common | Common Stock | 2023-03-08 | A | A | 11,649 | $0.00 | 386,466 | D | — | — | (F1) On June 25, 2020, the reporting person received a grant of performance shares (PSUs) that vest upon the satisfaction of certain performance conditions, with a performance period that ended December 31, 2022. On March 8, 2023, the Compensation Committee determined that certain of the performance conditions were met and shares subject to the PSUs vested. |