Lifeway Foods (LWAY) director logs RSU grants and phantom stock deferrals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifeway Foods director Jason Scott Scher reported equity compensation changes, mainly awards and deferrals rather than open‑market trades. On July 1, 2026, 1,356 restricted stock units vested and were effectively exchanged for 1,356 shares of phantom stock under the company’s Non-Employee Director Equity and Deferred Compensation Plan, while his direct common stock holdings stood at 83,058 shares afterward.
He also received a grant of 2,038 new restricted stock units, each representing a contingent right to one share of common stock that is scheduled to vest on July 1, 2027 if he continues to serve as a director. Separately, on June 30, 2026, he acquired 828 shares of phantom stock by deferring cash board fees, bringing his phantom stock balance to 81,702 share-equivalents.
After these changes, Scher continues to hold additional unvested restricted stock units covering 1,550 and 2,512 underlying common shares, with vesting dates in August 2026 and July 2027, respectively, all tied to ongoing service on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,712 shares exercised/converted
Mixed
7 txns
Insider
SCHER JASON SCOTT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,356 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,038 | $0.00 | -- |
| Exercise | Phantom Stock | 1,356 | $0.00 | -- |
| Grant/Award | Phantom Stock | 828 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,354 shares (Direct);
Phantom Stock — 83,058 shares (Direct);
Common Stock, no par value — 1 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date. The remaining RSUs will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on such vesting date. The remaining RSUs will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date. The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on each applicable vesting date. Each share of phantom stock represents a right to receive one share of common stock. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company. The acquired shares of phantom stock were acquired upon deferral of the Reporting Person's cash compensation for service on the Board of Directors in the quarter ended June 30, 2026 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan (the "Director Plan"). In connection with the vesting on July 1, 2026 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,356 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,356 shares of phantom stock pursuant to the Director Plan. The Reporting Person is therefore reporting the disposition of 1,356 RSUs in exchange for an equal number of shares of phantom stock.
Key Figures
RSUs exchanged into phantom stock: 1,356 units
New RSU grant: 2,038 units
Phantom stock from fee deferral: 828 units
+4 more
7 metrics
RSUs exchanged into phantom stock
1,356 units
Vested RSUs on July 1, 2026 deferred into phantom stock
New RSU grant
2,038 units
Restricted stock units granted on July 1, 2026
Phantom stock from fee deferral
828 units
Quarter ended June 30, 2026 board cash fees deferred
Phantom stock balance
81,702 units
Phantom stock total following June 30, 2026 award
Common shares held
83,058 shares
Common stock directly held after July 1, 2026 transactions
Unvested RSUs tranche 1
1,550 units
RSUs with underlying common shares, vesting August 31, 2026
Unvested RSUs tranche 2
2,512 units
RSUs with underlying common shares, vesting July 1, 2027
Key Terms
Restricted Stock Units, phantom stock, contingent right, Non-Employee Director Equity and Deferred Compensation Plan, +1 more
5 terms
Restricted Stock Units financial
"The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom stock financial
"Each share of phantom stock represents a right to receive one share of common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock"
Non-Employee Director Equity and Deferred Compensation Plan financial
"pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan (the "Director Plan")"
vest financial
"The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did Lifeway Foods (LWAY) director Jason Scher report?
Director Jason Scher reported equity compensation activity, including vested restricted stock units exchanged into phantom stock and new restricted stock unit grants. These are non-cash, compensation-related awards rather than open-market share purchases or sales, and depend on his continued service on the board.
How many restricted stock units did Jason Scher receive from Lifeway Foods (LWAY)?
Jason Scher received 2,038 new restricted stock units, each convertible into one share of Lifeway Foods common stock. According to the filing, these units are scheduled to vest on July 1, 2027, contingent on his continued service as a director through that vesting date.
What does the phantom stock reported for Lifeway Foods (LWAY) director represent?
Each share of phantom stock represents a right to receive one share of Lifeway Foods common stock. The filing states this phantom stock becomes payable when Jason Scher no longer serves as a director, functioning as deferred equity compensation instead of immediate cash or stock delivery.
When will Jason Scher’s Lifeway Foods (LWAY) restricted stock units vest?
One RSU tranche vests on December 30, 2026, another on August 31, 2026, and additional units on July 1, 2027. Each vesting is contingent on Jason Scher’s continued service as a Lifeway Foods director through the respective vesting dates, per the filing’s footnotes.
How did Lifeway Foods (LWAY) director fees affect phantom stock awards?
The filing notes 828 phantom stock shares were acquired by deferring Jason Scher’s cash compensation for board service for the quarter ended June 30, 2026. Instead of receiving cash, this compensation was converted into phantom stock under the company’s non-employee director equity plan.