Lifeway director defers 1,550 RSUs into phantom stock
Lifeway Foods director converted vested RSUs into deferred phantom stock and reported updated common stock and equity award holdings.
Rhea-AI Filing Summary
Lifeway Foods, Inc. (LWAY) director Juan Carlos Dalto reported equity award activity on August 31, 2026. 1,550 restricted stock units (RSUs) vested and were exchanged for 1,550 shares of phantom stock under the company’s Non-Employee Director Equity and Deferred Compensation Plan, deferring receipt of common shares until he no longer serves as a director. He now holds 4,751 shares of common stock directly, plus phantom stock and several RSU grants that are scheduled to vest on December 30, 2026 and July 1, 2027, contingent on continued board service. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,100 shares exercised/converted
Exercise
6 txns
Insider
Dalto Juan Carlos
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,550 | -- | -- |
| Exercise | Phantom Stock F6, F7 | 1,550 | -- | -- |
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
| holding | Restricted Stock Units F1, F4 | -- | -- | -- |
| holding | Restricted Stock Units F1, F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,904 contracts (Direct);
Phantom Stock — 10,771 contracts (Direct);
Common Stock — 4,751 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- F2. The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date.
- F3. The RSUs vested on August 31, 2026.
- F4. The RSUs vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date.
- F5. The RSUs vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date.
- F6. 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.
- F7. In connection with the vesting on August 31, 2026 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,550 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,550 shares of phantom stock pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan. The Reporting Person is therefore reporting the disposition of 1,550 RSUs in exchange for an equal number of shares of phantom stock.
Key Figures
RSUs exchanged: 1,550 units
Phantom stock acquired: 1,550 shares
Total phantom stock held after transaction: 10,771 shares
+4 more
7 metrics
RSUs exchanged
1,550 units
RSUs vested and exchanged for phantom stock on August 31, 2026
Phantom stock acquired
1,550 shares
Phantom stock received in exchange for 1,550 vested RSUs
Total phantom stock held after transaction
10,771 shares
Phantom stock position following August 31, 2026 exchange
Common stock held directly
4,751 shares
Direct common stock ownership after reported transactions
Unvested RSUs grant 1
2,512 underlying shares
RSUs representing 2,512 shares scheduled to vest December 30, 2026, subject to continued service
Unvested RSUs grant 2
1,354 underlying shares
RSUs scheduled to vest July 1, 2027, subject to continued service
Unvested RSUs grant 3
2,038 underlying shares
RSUs scheduled to vest July 1, 2027, subject to continued service
Key Terms
Restricted Stock Units, phantom stock, Non-Employee Director Equity and Deferred Compensation Plan
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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"
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.
Non-Employee Director Equity and Deferred Compensation Plan financial
"phantom stock pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan"
FAQ
What equity award changes did LWAY director Juan Carlos Dalto report on August 31, 2026?
Dalto reported that 1,550 RSUs vested and were exchanged for 1,550 shares of phantom stock, deferring receipt of common stock under Lifeway Foods’ Non-Employee Director Equity and Deferred Compensation Plan.
What phantom stock position does the LWAY director report after the RSU exchange?
Following the exchange, Dalto reports holding 10,771 shares of phantom stock, each representing a right to receive one share of common stock payable when he no longer serves as a director.
When do Juan Carlos Dalto’s remaining Lifeway Foods RSUs vest?
Footnotes state that certain RSUs vest on December 30, 2026 and other RSU grants vest on July 1, 2027, in each case contingent on Dalto’s continued service as a director on the applicable vesting date.
Were the August 31, 2026 Lifeway Foods (LWAY) transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming such a plan, and there is no indication in the footnotes that the August 31, 2026 transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
