Robert Bruce Kay - 08 Mar 2022 Form 4 Insider Report for LIFETIME BRANDS, INC (LCUT)

Role
Chief Executive Officer, Director
Signature
/s/ Sara Shindel, attorney-in-fact for Robert B. Kay
Issuer symbol
LCUT
Transactions as of
08 Mar 2022
Net transactions value
-$180,368
Form type
4
Filing time
10 Mar 2022, 15:06:30 UTC
Previous filing
07 Feb 2022
Next filing
28 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCUT Common Stock Award $0 +67,356 +29% $0.000000 300,079 08 Mar 2022 Direct F1
transaction LCUT Common Stock Tax liability $75,992 -6,234 -2.1% $12.19 293,845 08 Mar 2022 Direct F2
transaction LCUT Common Stock Award $0 +98,500 +34% $0.000000 392,345 08 Mar 2022 Direct F3
transaction LCUT Common Stock Tax liability $104,375 -7,509 -1.9% $13.90 384,836 09 Mar 2022 Direct F4
holding LCUT Common Stock 63,000 08 Mar 2022 Trust F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 27, 2019, 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, 2021. On March 8, 2022, the Compensation Committee determined that certain of the performance conditions were met and shares subject to the PSUs vested.
F2 Portion of tax liability payment by withholding Common Stock incident to the vesting of PSUs.
F3 The restricted stock was granted on March 8, 2022, pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan and vest 25% per year in four equal annual installments commencing on the first anniversary of the date of grant.
F4 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 vest in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, March 9, 2025.
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.