Lifeway Foods (LWAY) director reports RSU settlement and new phantom stock
Rhea-AI Filing Summary
Lifeway Foods director Jason Scott Scher reported equity award activity and a deferral election. On January 10, 2026, previously granted restricted stock units (RSUs) that had vested earlier were settled, with 1,600 RSUs and 1,551 RSUs converted in connection with prior vesting dates. Instead of receiving common stock, Scher deferred the settlement under the company’s 2022 Non-Employee Director Equity and Deferred Compensation Plan and received 3,151 shares of phantom stock, each linked to one share of common stock and payable when he no longer serves as a director. He continues to hold RSUs scheduled to vest in 2026 and 2027, as well as phantom stock and a small direct common share position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,600 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,551 | $0.00 | -- |
| Grant/Award | Phantom Stock | 3,151 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock, no par value | -- | -- | -- |
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 RSUs vested on August 31, 2025 and were settled on January 10, 2026 (the "1,600 Settled RSUs"). Of such RSUs, 1,551 vested on August 31, 2025 which were settled on January 10, 2026 (together with the 1,600 Settled RSUs, the "Settled RSUs"). The remaining 1,550 RSUs will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date. Of such RSUs, 1,356 will vest on July 1, 2026 and 1,354 will 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. In connection with settlement of the Settled RSUs on January 10, 2026, the Reporting Person's receipt of the common stock underlying the Settled RSUs was deferred in accordance with the Company's 2022 Non-Employee Director Equity and Deferred Compensation Plan, resulting in the Reporting Person's receipt instead of 3,151 shares of phantom stock. The Reporting Person is therefore reporting the conversion of 3,151 RSUs into an equal number of shares of phantom stock.
FAQ
Who is the reporting person in this Lifeway Foods (LWAY) Form 4?
The reporting person is Jason Scott Scher, who serves as a director of Lifeway Foods, Inc. and is filing individually for his own holdings and equity awards.
What RSU transactions did Jason Scott Scher report for Lifeway Foods (LWAY)?
On January 10, 2026, Scher reported the settlement of 1,600 restricted stock units and 1,551 restricted stock units that had previously vested, converting them from RSUs into an equivalent number of underlying common stock units before applying his deferral election.
What is the phantom stock reported by the Lifeway Foods (LWAY) director?
Scher reported receiving 3,151 shares of phantom stock, with each phantom share representing a right to receive one share of common stock. This phantom stock is payable when he no longer serves as a director of the company.
How did the RSUs convert into phantom stock for the Lifeway Foods (LWAY) director?
In connection with settlement of vested RSUs on January 10, 2026, Scher elected to defer receipt of the underlying common stock under the company’s 2022 Non-Employee Director Equity and Deferred Compensation Plan, resulting in the conversion of 3,151 RSUs into 3,151 shares of phantom stock.
What future vesting of RSUs is disclosed for the Lifeway Foods (LWAY) director?
The disclosure states that RSUs will vest on August 31, 2026, and additional RSUs are scheduled to vest on July 1, 2026 and July 1, 2027, in each case contingent on Scher’s continued service as a director on the applicable vesting dates.
Does the Lifeway Foods (LWAY) director still hold RSUs and phantom stock after these transactions?
Yes. After the reported activity, Scher continues to hold restricted stock units with future vesting dates, as well as a balance of phantom stock that becomes payable when he no longer serves as a director, plus a small direct holding of common stock.