Dalto Juan Carlos 4

4 · Lifeway Foods, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Lifeway Foods (LWAY) Director Juan Carlos Dalto Receives RSU/Phantom Award

What Happened

Juan Carlos Dalto, a director of Lifeway Foods, received a grant of 776 restricted stock units (RSUs) reported as a derivative award on March 31, 2026. The filing shows no per-share price or immediate cash value (listed as N/A). The award is a grant of contingent rights (not currently tradable shares), not an open-market purchase or sale.

Key Details

Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely).
Transaction type/code: A — Grant/Award of derivative securities (RSUs).
Shares/units granted: 776 RSUs (derivative).
Price/value: N/A on the filing; no immediate cash proceeds.
Shares owned after transaction: Not specified in the Form 4.
Notable footnotes:
- F1: Each RSU represents a contingent right to one share of common stock.
- F2–F4: Vesting schedule is staggered — some RSUs vest Dec 30, 2026; others vest Aug 31, 2026; and a set vests July 1, 2026 and July 1, 2027 (vesting contingent on continued service).
- F5–F6: The filing also notes acquisition of phantom stock (rights to receive shares when the director leaves the board) acquired via deferral of the director’s cash compensation under the company’s Non-Employee Director Equity and Deferred Compensation Plan.

Context

RSU awards are a form of non-cash compensation tied to continued service and do not represent immediately tradable shares; they convert to common stock only if and when they vest. Phantom stock similarly pays out later, typically upon termination of board service, and is different from an outright stock purchase or sale. This filing reports compensation-related awards rather than insider buying or selling that might signal near-term market views.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Phantom Stock
[F5][F6]
2026-03-31+776→ 7,362 total
→ Common Stock (776 underlying)

Holdings

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.

Signature

/s/ Eric Hanson, as attorney-in-fact|2026-04-02

1 file