Form 4: Lifetime Brands President Daniel Siegel Reports Gift of Shares to Child's Custodial Account

Daniel Siegel, President of Lifetime Brands, reported a gift of 3,333 common stock shares to a custodial account for his child on October 4, 2024.

Summary

• Daniel Siegel, President of Lifetime Brands, filed a Form 4 indicating a change in beneficial ownership of company stock.
• On October 4, 2024, Mr. Siegel gifted 3,333 shares of common stock to a custodial account for his child.
• The shares were transferred as a bona fide gift, and no price was associated with the transaction.
• Following the transaction, Mr. Siegel directly owns 387,912 shares, and indirectly owns 8,400 shares through his spouse, 6,733 shares through a custodial account for one son, and 3,400 shares through a custodial account for another son.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a gift of shares, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company officer and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders and are required by the SEC to ensure transparency in stock ownership.
• The gift of shares to a family member is a common transaction and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares and not a sale or purchase on the open market.

Key Dates

Keywords

Form 4, Beneficial Ownership, Lifetime Brands, Daniel Siegel, Stock Gift, Custodial Account, LCUT