Lifeway Foods (LWAY) director defers board pay into phantom stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifeway Foods director Juan Carlos Dalto reported routine equity compensation and deferral activity. He received 2,038 new restricted stock units (RSUs), each representing a contingent right to one share of common stock, which vest on December 30, 2026 if he continues serving as a director.
Dalto also deferred receipt of 1,356 shares of common stock that vested on July 1, 2026, electing instead to receive 1,356 shares of phantom stock under the company’s Non-Employee Director Equity and Deferred Compensation Plan. In addition, he acquired 503 phantom stock units by deferring his cash board fees for the quarter ended June 30, 2026.
Following these transactions, Dalto directly holds 4,751 shares of common stock, 2,038 RSUs and 9,221 shares of phantom stock. The filing shows no open-market purchases or sales, only grants, exercises and deferrals of director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,712 shares exercised/converted
Mixed
7 txns
Insider
Dalto Juan Carlos
Role
null
| 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 | 503 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,354 shares (Direct, null);
Phantom Stock — 9,221 shares (Direct, null);
Common Stock — 4,751 shares (Direct, null)
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 such 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
New RSU grant: 2,038 units
RSUs converted to phantom stock: 1,356 units
Phantom stock from fee deferral: 503 units
+3 more
6 metrics
New RSU grant
2,038 units
RSUs granted on July 1, 2026, vest December 30, 2026
RSUs converted to phantom stock
1,356 units
Vested RSUs deferred into phantom stock on July 1, 2026
Phantom stock from fee deferral
503 units
Director cash fees for quarter ended June 30, 2026
Common stock held
4,751 shares
Direct common stock holdings after June 30, 2026 entry
Total phantom stock held
9,221 units
Phantom stock balance after July 1, 2026 conversion
Unvested RSUs remaining
1,550 units
Underlying common shares from RSUs shown in derivative summary
Key Terms
Restricted Stock Units, phantom stock, Non-Employee Director Equity and Deferred Compensation Plan, contingent right to receive one share of common stock
4 terms
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.
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.
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")."
FAQ
What did Lifeway Foods (LWAY) director Juan Carlos Dalto report in this Form 4?
He reported equity compensation and deferral activity, not open-market trades. Dalto received 2,038 new RSUs, exercised 1,356 RSUs into phantom stock, and deferred cash board fees into 503 phantom stock units under Lifeway’s director compensation plan.
How many Lifeway Foods (LWAY) RSUs did Juan Carlos Dalto receive and when do they vest?
Dalto received 2,038 restricted stock units, each equal to one share of common stock. According to the disclosure, these RSUs vest on December 30, 2026, contingent on his continued service as a director through that vesting date.
What is the phantom stock reported by Lifeway Foods (LWAY) director Juan Carlos Dalto?
Each phantom stock unit represents a right to receive one share of common stock, payable when Dalto no longer serves as a director. Phantom stock here reflects deferred director compensation rather than cash, aligning equity value with his board service.
Did the Lifeway Foods (LWAY) Form 4 show any open-market stock purchases or sales?
No open-market buys or sells were reported. The Form 4 only shows grants of RSUs, grants of phantom stock for deferred cash compensation, and a conversion of vested RSUs into phantom stock, all related to director compensation arrangements.
How were Lifeway Foods (LWAY) director fees treated in this Form 4 disclosure?
Dalto deferred his cash compensation for board service in the quarter ended June 30, 2026 into 503 phantom stock units. He also deferred receipt of 1,356 vested common shares into an equal number of phantom stock units under the company’s director plan.