Dalto Juan Carlos 4

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.