Form 4: Lifetime Brands Director, Jeffrey Siegel, Gifts 10,000 Shares to Grandchildren

Director Jeffrey Siegel of Lifetime Brands gifted 10,000 shares of common stock to his grandchildren.

Summary

• Jeffrey Siegel, a director at Lifetime Brands, gifted 10,000 shares of common stock to his grandchildren on October 4, 2024.
• The transaction was a gift, so no price was associated with the transfer.
• Following the transaction, Mr. Siegel directly owns 1,150,251 shares of Lifetime Brands common stock.
• He also indirectly owns 1,010 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock gift, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider activity.
• The gift of shares is a common way for insiders to transfer wealth, and the reporting is in line with SEC regulations.

Stakeholder Impact

• The transaction has no direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

insider trading, stock gift, beneficial ownership, director, Lifetime Brands, LCUT, SEC Form 4