Form 4: Lifetime Brands EVP, Treasurer, & CFO Laurence Winoker Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Laurence Winoker, EVP, Treasurer, & CFO of Lifetime Brands, Inc., reports changes in beneficial ownership of common stock due to tax liability payments and the granting of restricted stock.
Summary
- Laurence Winoker, the EVP, Treasurer, & CFO of Lifetime Brands, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On March 8, 2025, Winoker disposed of shares to cover tax liabilities related to the vesting of restricted stock granted in 2022 (1,481 shares), 2023 (2,036 shares), and 2024 (2,314 shares), all at a price of $5.18 per share.
- On March 9, 2025, he disposed of 1,157 shares at $5.18 per share to cover tax liabilities related to the vesting of restricted stock granted in 2021.
- On March 11, 2025, Winoker acquired 13,500 shares of restricted stock granted under the company's Amended and Restated 2000 Long-Term Incentive Plan.
- Following these transactions, Winoker's direct ownership of Lifetime Brands common stock is 122,836 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It reports transactions related to executive compensation and tax obligations, which are typical corporate activities.
Positives
- The granting of 13,500 restricted shares to Laurence Winoker suggests continued alignment of executive incentives with the company's long-term performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely monitored by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| March 8, 2022 | Restricted shares granted that vest 25% per year in four equal installments on each of March 8, 2023, March 8, 2024, March 8, 2025, and March 8, 2026. |
| March 8, 2023 | Restricted shares granted that vest 25% per year in four equal installments on each of March 8, 2024, March 8, 2025, March 8, 2026, and March 8, 2027. |
| March 8, 2024 | Restricted shares granted that vest 25% per year in four equal installments on each of March 8, 2025, March 8, 2026, March 8, 2027 and March 8, 2028. |
| March 9, 2021 | Restricted shares granted that vest in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, March 9, 2025. |
| March 8, 2025 | Disposition of shares to cover tax liabilities related to vesting restricted stock. |
| March 9, 2025 | Disposition of shares to cover tax liabilities related to vesting restricted stock. |
| March 11, 2025 | Grant of 13,500 restricted shares under the company's incentive plan. |
| March 11, 2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.