Form 4: Lifetime Brands EVP, Treasurer, & CFO Laurence Winoker Reports Stock Transaction
SEC Form 4 Filing
Laurence Winoker, EVP, Treasurer, & CFO of Lifetime Brands, Inc., reports the disposition of 608 shares of common stock to cover tax liabilities related to vesting restricted stock.
Summary
- On June 25, 2024, Laurence Winoker, the EVP, Treasurer, & CFO of Lifetime Brands, Inc. (LCUT), disposed of 608 shares of common stock.
- The transaction was executed at a price of $8.07 per share.
- This disposition was to cover tax liabilities associated with the vesting of 1,125 restricted stock units.
- Following the transaction, Winoker beneficially owns 116,324 shares of Lifetime Brands, Inc.
- The restricted shares were granted on June 25, 2020, and vested 25% per year in four equal installments on each of June 25, 2021, June 25, 2022, June 25, 2023 and June 25, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation. It's common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 06/25/2020 | Date restricted shares were granted. |
| 06/25/2021 | First vesting date of restricted shares (25%). |
| 06/25/2022 | Second vesting date of restricted shares (25%). |
| 06/25/2023 | Third vesting date of restricted shares (25%). |
| 06/25/2024 | Fourth vesting date of restricted shares (25%) and date of stock disposition for tax liability. |
| 06/26/2024 | Date of signature on the Form 4 filing. |
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