The apple never falls far from the tree: S‐alkylthiocarbamate 1 (see scheme, NBP=N‐bromophthalimide) was prepared in high yield through a synthetic sequence involving a Newman–Kwart rearrangement of the corresponding O‐alkylthiocarbamates. Compound 1 was used to catalyze bromolactonization, thus providing enantioenriched δ‐lactones in excellent yield and enantioselectivity.