Lifeway (LWAY) Director Harris Andee Receives 797-Share Award

What Happened

• Harris Andee, a director of Lifeway Foods, received an award of 797 derivative shares on 2026-09-30. The filing lists these as a grant/award (transaction code A); no per-share price or total dollar value is reported (N/A). This was an equity award/deferral tied to director compensation rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (timely).
• Amount: 797 derivative shares (price/value: N/A).
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes of note:
  • F1/F2: Restricted stock units (RSUs) represent contingent rights to one share each; some RSUs vest Dec 30, 2026 and others July 1, 2027, contingent on continued service.
  • F3: Phantom stock represents a right to receive one share each and becomes payable when the director leaves the board.
  • F4: The phantom shares were acquired by deferring cash compensation for board service for the quarter ended Sep 30, 2026 under the company’s Non‑Employee Director Equity and Deferred Compensation Plan.
• Filing timeliness: appears timely (filed one day after the transaction date).

Context

• These are derivative awards (RSUs and/or phantom stock)—contingent rights to future shares or cash—so they do not represent immediate purchases or sales of common stock. RSUs vest on specified future dates if the director remains in service; phantom stock pays out upon termination of service per the plan. Director deferrals and equity awards are common forms of non-employee director compensation and are routine disclosures for shareholders.