SCHER JASON SCOTT 4
4 · Lifeway Foods, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Lifeway (LWAY) Director Jason Scher Receives 1,277 RSUs
What Happened
Jason Scott Scher, a director of Lifeway Foods, received an award of 1,277 restricted stock units (RSUs) on January 10, 2026. The award is recorded as a derivative grant (no per-share price reported — N/A). RSUs represent a contingent right to receive one share of common stock upon vesting; no shares were sold or purchased on the open market.
Key Details
- Transaction date: 2026-01-10; reported on Form 4 filed 2026-04-02. Price: N/A (award/derivative).
- Grant type: Restricted stock units (RSUs) — each RSU converts 1:1 into a share upon vesting (Footnote F1).
- Vesting: Footnotes indicate vesting is contingent on continued board service. Specific vesting mentions include Dec 30, 2026 (F2), Aug 31, 2026 (F3), and tranches of 1,356 and 1,354 vesting July 1, 2026 and July 1, 2027 (F4).
- Phantom stock: filing also references phantom stock rights (payable upon cessation of board service) and phantom shares acquired via deferral of director cash compensation for the quarter ended Mar 31, 2026 (F5, F6).
- Shares owned after transaction: not specified in the provided filing.
- Timeliness: The Form 4 was filed on Apr 2, 2026 for a Jan 10, 2026 grant — more than two business days after the transaction, so the filing appears late.
Context
This was an equity compensation award for a non-employee director (routine grants and deferred-compensation conversions are common). Because these are RSUs/phantom shares that vest later and are contingent on continued service, they do not represent an immediate purchase or sale of stock and do not signal an immediate market position change.
Insider Transaction Report
- Award
Phantom Stock
[F5][F6]2026-01-10+1,277→ 80,874 total→ Common Stock (1,277 underlying)
- 1
Common Stock, no par value
- 2,512
Restricted Stock Units
[F1][F2]→ Common Stock (2,512 underlying) - 1,550
Restricted Stock Units
[F1][F3]→ Common Stock (1,550 underlying) - 2,710
Restricted Stock Units
[F1][F4]→ Common Stock (2,710 underlying)
Footnotes (6)
- [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]The remaining RSUs will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
- [F4]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.
- [F5]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.
- [F6]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.