Lifeway Foods (LWAY) Director Juan Carlos Dalto Converts 1,550 RSUs

What Happened Juan Carlos Dalto, a director of Lifeway Foods, had 1,550 restricted stock units (RSUs) vest on August 31, 2026. Instead of receiving common shares, the vested RSUs were converted into 1,550 shares of phantom stock under the company’s Non-Employee Director Equity and Deferred Compensation Plan. No cash sale or open-market purchase occurred; this was a conversion/deferral of compensation (transaction code M), and no per-share price or cash value is reported.

Key Details

• Transaction date: August 31, 2026; Form 4 filed September 2, 2026 (reporting the conversion).
• Reported actions: 1,550 RSUs disposed (converted) and 1,550 phantom shares acquired (both reported as derivative conversions).
• Price/value: Not applicable / not reported for this conversion.
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes: RSUs represent a right to one share (F1); the RSUs vested on August 31, 2026 (F3); the vested RSUs were deferred into phantom stock per the director deferred-compensation plan (F7); phantom stock pays out when the director ceases service (F6).

Context This was a vesting and deferral event, not a market purchase or sale. Phantom shares are a form of deferred compensation that typically convert to cash or stock at a future payout date (here, when the director leaves the board), so this does not indicate an immediate change in market-held shares or reveal cash proceeds. Transaction code M simply denotes conversion/exercise of a derivative instrument (the RSUs).