4/A: Lifetime Brands Executive Daniel Siegel Amends SEC Filing to Correct Stock Grant Numbers
SEC Filing
Daniel Siegel, President of Lifetime Brands, files an amendment to a previous SEC Form 4 to correct the number of restricted stock granted on March 11, 2025.
Summary
- Daniel Siegel, President of Lifetime Brands, filed an amended SEC Form 4 to correct the number of restricted stock granted to him on March 11, 2025.
- The amendment revises the number of restricted stock granted in Box 4 to 32,000 shares from the originally reported 22,000 shares.
- The amendment also revises the total securities beneficially owned following the reported transaction in Box 5 to 413,693 shares from the originally reported 403,693 shares.
- The original filing was made on March 11, 2025.
- The transactions reported also include the withholding of common stock to cover tax liabilities related to the vesting of restricted stock granted in previous years and a bona fide gift of common stock to a child of the reporting person.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error in previously reported information. It doesn't indicate any significant positive or negative developments for the company, but the correction itself suggests attention to detail and compliance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages, including stock grants, are a standard practice in publicly traded companies like Lifetime Brands.
- The vesting schedules and terms of the restricted stock grants are typical of those offered to executives in similar roles at comparable companies.
- Companies like Helen of Troy (HELE) and Newell Brands (NWL) also utilize stock-based compensation as part of their executive pay structures.
Stakeholder Impact
- The correction of the stock grant information ensures accurate reporting to shareholders.
- The transactions related to tax liabilities and gifts have a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| March 9, 2021 | Date of grant for some of the restricted stock that vested on March 9, 2025. |
| March 8, 2022 | Date of grant for some of the restricted stock that vested on March 8, 2025. |
| March 8, 2023 | Date of grant for some of the restricted stock that vested on March 8, 2025. |
| March 8, 2024 | Date of grant for some of the restricted stock that vested on March 8, 2025. |
| March 7, 2025 | Date of bona fide gift made to the child of the reporting person. |
| March 8, 2025 | Date of transactions involving the withholding of common stock for tax liabilities. |
| March 9, 2025 | Date of transactions involving the withholding of common stock for tax liabilities. |
| March 11, 2025 | Date of original Form 4 filing and date of restricted stock grant. |
| March 17, 2025 | Date of amended Form 4/A filing. |
| March 8, 2026 | Vesting date for restricted stock granted on March 8, 2022. |
| March 8, 2026 | Vesting date for restricted stock granted on March 8, 2023. |
| March 8, 2027 | Vesting date for restricted stock granted on March 8, 2023. |
| March 8, 2028 | Vesting date for restricted stock granted on March 8, 2024. |
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