Lifeway director granted 857 phantom stock units
Lifeway Foods director Kirk Chartier reported a compensation-related equity award.
Rhea-AI Filing Summary
Lifeway Foods director Kirk Chartier reported a compensation-related equity award. He acquired 857 shares of phantom stock by deferring his cash fees for service on the board for the quarter ended March 31, 2026. Each phantom share represents a right to receive one share of common stock when he no longer serves as a director.
The filing also shows Chartier holding 2,512 restricted stock units, each representing a contingent right to one share of common stock that vests on December 30, 2026, if he continues serving as a director through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 857 shares
Grant/Award
2 txns
Insider
Chartier Kirk
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 857 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 857 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: 857 units
Phantom stock holdings after grant: 857 units
RSU underlying shares: 2,512 shares
+2 more
5 metrics
Phantom stock grant
857 units
Deferral of board cash compensation for quarter ended March 31, 2026
Phantom stock holdings after grant
857 units
Each unit equals one share of common stock, payable upon end of board service
RSU underlying shares
2,512 shares
Restricted stock units tied to Lifeway common stock, direct ownership
RSU vesting date
December 30, 2026
Vesting contingent on continued service as director
RSU exercise price
$0.0000
No cash exercise price for RSUs and phantom stock units
Key Terms
Phantom Stock, Restricted Stock Units, contingent right to receive, Non-Employee Director Equity and Deferred Compensation Plan
4 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 to receive 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lifeway Foods (LWAY) director Kirk Chartier report in this Form 4?
Kirk Chartier reported receiving 857 phantom stock units as part of his board compensation. These units were granted in lieu of cash fees for the quarter ended March 31, 2026, and each represents the right to one share of Lifeway common stock in the future.
How many phantom stock units did Kirk Chartier receive from Lifeway Foods (LWAY)?
He received 857 phantom stock units credited for deferring his quarterly board fees. Each phantom share corresponds to one share of Lifeway common stock, payable when he no longer serves as a director under the company’s non-employee director equity and deferred compensation plan.
When do Kirk Chartier’s Lifeway (LWAY) phantom stock units become payable?
Each phantom stock unit becomes payable when Kirk Chartier no longer serves as a director. At that time, he is entitled to receive one share of Lifeway common stock for each unit, as described in the company’s non-employee director equity and deferred compensation plan.
What restricted stock units does Kirk Chartier hold at Lifeway Foods (LWAY)?
Chartier holds restricted stock units covering 2,512 underlying shares of common stock. Each RSU represents a contingent right to one share and will vest on December 30, 2026, provided he continues to serve as a director through that vesting date.
When do Kirk Chartier’s Lifeway (LWAY) restricted stock units vest?
His restricted stock units vest on December 30, 2026, if he remains a director through that date. Upon vesting, each RSU converts into one share of Lifeway common stock, turning this contingent right into actual share ownership, subject to the plan’s terms.
Is Kirk Chartier’s Lifeway (LWAY) Form 4 transaction an open-market buy or sell?
No, the transaction reflects a grant of 857 phantom stock units tied to deferred board fees, not an open-market trade. It is a compensation-related equity award rather than a purchase or sale of Lifeway common stock in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
