Dalto Juan Carlos 4
4 · Lifeway Foods, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Lifeway Foods Director Juan Carlos Dalto Receives RSUs and Converts Some to Phantom Stock
What Happened
- Juan Carlos Dalto, a director of Lifeway Foods, received equity awards and converted vested RSUs into phantom stock. He was granted 503 RSUs on June 30, 2026 and 2,038 RSUs on July 1, 2026 (total new RSUs = 2,541). On July 1, 2026, 1,356 previously vesting RSUs were reported as disposed of and an equal number of phantom stock shares were acquired—effectively a conversion/deferral of vested RSUs into phantom stock under the Company's Non-Employee Director Equity and Deferred Compensation Plan. No cash prices or market sale proceeds are reported (all transactions show N/A).
Key Details
- Transaction dates: June 30, 2026 (503 RSUs granted); July 1, 2026 (2,038 RSUs granted; 1,356 RSUs converted to phantom stock).
- Transaction codes: A = award/grant (RSUs); M = exercise/conversion of derivative (conversion of RSUs into phantom stock).
- Prices/values: N/A in filing (these are equity awards/derivative conversions, not open-market trades).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- Each RSU equals a contingent right to one share (F1).
- Some RSUs vest on Dec 30, 2026, Aug 31, 2026, and July 1, 2027 per vesting schedule (F2–F5).
- Phantom stock equals a right to one share and is payable when the director ceases service (F6).
- The 1,356-share conversion reflects deferral of vested RSUs into phantom stock under the Director Plan (F8); additional phantom shares were also acquired via deferral of cash compensation for the quarter ended June 30, 2026 (F7).
- Filing timeliness: Form 4 was filed July 2, 2026 (appears within the standard 2-business-day reporting window).
Context
- These transactions are grants and a deferral/conversion, not open‑market purchases or sales—they reflect compensation and deferral elections rather than a buy/sell signal. Phantom stock and RSUs are derivative rights (RSUs convert to shares; phantom stock pays out later), so there was no immediate cash sale or market transaction reported.
Insider Transaction Report
Form 4
Dalto Juan Carlos
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-07-01−1,356→ 1,354 total→ Common Stock (1,356 underlying) - Award
Restricted Stock Units
[F1][F5]2026-07-01+2,038→ 2,038 total→ Common Stock (2,038 underlying) - Award
Phantom Stock
[F6][F7]2026-06-30+503→ 7,865 total→ Common Stock (503 underlying) - Exercise/Conversion
Phantom Stock
[F6][F8]2026-07-01+1,356→ 9,221 total→ Common Stock (1,356 underlying)
Holdings
- 4,751
Common Stock
- 2,512
Restricted Stock Units
[F1][F2]→ Common Stock - 1,550
Restricted Stock Units
[F1][F3]→ Common Stock (1,550 underlying)
Footnotes (8)
- [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 such vesting date.
- [F4]The remaining RSUs will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date.
- [F5]The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on such vesting date.
- [F6]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.
- [F7]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 June 30, 2026 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan (the "Director Plan").
- [F8]In connection with the vesting on July 1, 2026 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,356 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,356 shares of phantom stock pursuant to the Director Plan. The Reporting Person is therefore reporting the disposition of 1,356 RSUs in exchange for an equal number of shares of phantom stock.
Signature
/s/ Eric Hanson, as attorney-in-fact|2026-07-02