Form 4: Lifetime Brands President Daniel Siegel Reports Stock Transaction

Daniel Siegel, President of Lifetime Brands, reports a transaction involving the withholding of common stock to cover tax liabilities upon the vesting of restricted stock.

Summary

• On June 25, 2024, Daniel Siegel, President of Lifetime Brands, engaged in a transaction involving common stock.
• 563 shares of common stock were withheld to cover tax liabilities related to the vesting of restricted stock.
• The restricted shares were granted on June 25, 2020, and vested in four equal installments of 25% per year.
• The vesting dates were June 25, 2021, June 25, 2022, June 25, 2023, and June 25, 2024.
• The price per share for the transaction was $8.07.
• Following the transaction, Siegel directly owns 387,912 shares of common stock.
• Siegel also indirectly owns 8,400 shares through his spouse and 3,400 shares each for Child 1 and Child 2 via Uniform Transfer to Minors Act Custodian accounts.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the vesting of previously granted restricted stock and the associated tax implications.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments for an executive.

Key Dates