Lifeway Foods director granted 873 phantom stock units
Harris Andee reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Harris Andee reported acquisition or exercise transactions in this Form 4 filing.
Lifeway Foods, Inc. director Andee Harris received 873 shares of phantom stock as a non-cash grant tied to deferred board compensation for the quarter ended March 31, 2026. Each phantom share represents a right to one common share, payable when she no longer serves as a director.
Harris also holds 2,512 restricted stock units, each representing a contingent right to one common share. These RSUs are scheduled to vest on December 30, 2026, contingent on her continued service on the board through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 873 shares
Grant/Award
2 txns
Insider
Harris Andee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 873 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 873 contracts (Direct);
Restricted Stock Units — 2,512 contracts (Direct)
Footnotes (4)
- 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. 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.
- F4. 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 March 31, 2026 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan.
Key Figures
Phantom stock grant: 873 units
RSU holdings: 2,512 RSUs
RSU vesting date: December 30, 2026
+3 more
6 metrics
Phantom stock grant
873 units
Quarter ended March 31, 2026; each unit equals one common share
RSU holdings
2,512 RSUs
Each RSU equals one common share; director position after transaction
RSU vesting date
December 30, 2026
Vesting contingent on continued board service through vesting date
Phantom stock price
$0.0000 per unit
Grant reported as non-cash compensation with zero exercise price
Underlying common shares (phantom)
873 shares
Underlying common stock for phantom stock units
Underlying common shares (RSUs)
2,512 shares
Underlying common stock for restricted stock units
Key Terms
Phantom Stock, Restricted Stock Units, contingent right, Non-Employee Director Equity and Deferred Compensation Plan, +1 more
5 terms
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.
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock."
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.
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
"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 March 31, 2026 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan."
vest financial
"The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lifeway Foods (LWAY) director Andee Harris report in this Form 4?
Director Andee Harris reported receiving 873 shares of phantom stock as a non-cash grant for deferred board compensation. She also reported holding 2,512 restricted stock units, each tied to one share of Lifeway Foods common stock under existing equity arrangements.
How many phantom stock units did Andee Harris receive from Lifeway Foods (LWAY)?
Andee Harris received 873 phantom stock units, each representing a right to one share of Lifeway Foods common stock. These units were granted in lieu of cash board fees for the quarter ended March 31, 2026 under the company’s non-employee director compensation plan.
What are the vesting terms for Andee Harris’s Lifeway Foods (LWAY) restricted stock units?
Her restricted stock units are scheduled to vest on December 30, 2026, if she continues serving as a director through that date. Upon vesting, each RSU entitles her to receive one share of Lifeway Foods common stock, subject to the plan’s standard conditions.
What does the phantom stock in Lifeway Foods (LWAY) represent for Andee Harris?
Each phantom stock unit represents a right to receive one share of Lifeway Foods common stock. The phantom stock becomes payable when Andee Harris no longer serves as a director, effectively deferring part of her board compensation into equity-linked units.
How many restricted stock units tied to Lifeway Foods (LWAY) does Andee Harris hold?
Following the reported transactions, Andee Harris holds 2,512 restricted stock units. Each unit is linked to one share of Lifeway Foods common stock and is structured as a contingent right that vests based on her continued board service through December 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
