Robert B. Kay - Mar 8, 2022 Form 4 Insider Report for LIFETIME BRANDS, INC (LCUT)

Signature
/s/ Sara Shindel, attorney-in-fact for Robert B. Kay
Stock symbol
LCUT
Transactions as of
Mar 8, 2022
Transactions value $
-$180,368
Form type
4
Date filed
3/10/2022, 03:06 PM
Previous filing
Feb 7, 2022
Next filing
Jun 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCUT Common Stock Award $0 +67.4K +28.94% $0.00 300K Mar 8, 2022 Direct F1
transaction LCUT Common Stock Tax liability -$76K -6.23K -2.08% $12.19 294K Mar 8, 2022 Direct F2
transaction LCUT Common Stock Award $0 +98.5K +33.52% $0.00 392K Mar 8, 2022 Direct F3
transaction LCUT Common Stock Tax liability -$104K -7.51K -1.91% $13.90 385K Mar 9, 2022 Direct F4
holding LCUT Common Stock 63K Mar 8, 2022 Trust F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 27, 2019, the reporting person received a grant of performance shares (PSUs) that vest upon the satisfaction of certain performance conditions, with a performance period that ended December 31, 2021. On March 8, 2022, the Compensation Committee determined that certain of the performance conditions were met and shares subject to the PSUs vested.
F2 Portion of tax liability payment by withholding Common Stock incident to the vesting of PSUs.
F3 The restricted stock was granted on March 8, 2022, pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan and vest 25% per year in four equal annual installments commencing on the first anniversary of the date of grant.
F4 Payment of tax liability by withholding Common Stock incident to the vesting of 18,491 restricted stock. The restricted shares were granted on March 9, 2021 and vest in four equal installments on each of March 9, 2022, March 9, 2023, March 9, 2024, March 9, 2025.
F5 The reporting person disclaims beneficial ownership of all securities held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6 Irrevocable family trust for which the reporting person's spouse is a trustee.