4//SEC Filing
SCHER JASON SCOTT 4
Accession 0001683168-24-004588
CIK 0000814586other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 12:57 PM ET
Size
13.5 KB
Accession
0001683168-24-004588
Insider Transaction Report
Form 4
SCHER JASON SCOTT
Director
Transactions
- Award
Phantom Stock
2024-06-30+1,782→ 64,455 total→ Common Stock (1,782 underlying) - Award
Restricted Stock Units
2024-07-01+4,066→ 4,066 total→ Common Stock (4,066 underlying)
Holdings
- 24,567
Common Stock, no par value
- 3,200
Restricted Stock Units
→ Common Stock (3,200 underlying) - 4,652
Restricted Stock Units
→ Common Stock (4,652 underlying) - 1.785
Restricted Stock Units
→ Common Stock (1,785 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right once vested and as soon as practicable after the Reporting Person no longer serves as director to receive one share of Issuer's common stock. Such RSUs were granted upon conversion of the Reporting Person's Board of Director compensation in fiscal year 2021 into RSUs. 1,785 will vest and become non-forfeitable on August 12, 2024 and will be forfeited if the Reporting Person's service as director terminates for any reason other than his death or disability or a change in control of the Company.
- [F2]Each RSU has a value equal to one share of common stock. Of such restricted stock units, 1,600 will vest on each of August 31, 2024 and 2025, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
- [F3]Each RSU has a value equal to one share of common stock. Of such RSUs, 1,551 will vest on each of August 31, 2024 and 2025 and 1,550 will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
- [F4]Each share of phantom stock represents a right to receive one share of common stock. Such 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, 2024. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.
- [F5]Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on each of July 1, 2025 and 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.
Documents
Issuer
Lifeway Foods, Inc.
CIK 0000814586
Entity typeother
Related Parties
1- filerCIK 0001554866
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 12:57 PM ET
- Size
- 13.5 KB