Lifeway Foods Director Jason Scher Receives 1,166-Unit Award

What Happened

• Jason Scott Scher, a director of Lifeway Foods, Inc. (LWAY), received a derivative award of 1,166 units on September 30, 2026. The filing lists the units as derivative awards (RSUs and phantom stock) with no cash price reported (N/A).
• These awards are not immediate stock — they represent contingent rights to receive common stock (or stock value) in the future and vest or become payable only if certain service conditions are met. This is an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Form 4 filed: 2026-10-01 (appears timely).
• Reported amount: 1,166 derivative units (price: N/A).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • Several RSUs: vesting on Dec 30, 2026 and on July 1, 2027, contingent on continued service as a director (F1–F3).
  • Phantom stock: each unit represents a right to one share, payable when the director ceases service (F4).
  • Some phantom shares were acquired via deferral of the director’s cash board compensation for the quarter ended Sep 30, 2026 under the company’s Non-Employee Director Equity and Deferred Compensation Plan (F5).
• Filing status: No late-filing indication in the record.

Context

• RSUs and phantom stock are common non-cash compensation for directors; they do not represent immediate market purchases or sales and typically vest over time or upon a triggering event. Such awards increase potential future ownership/dilution when settled but do not by themselves signal an immediate trading stance.