Stock-based and Other Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of compensation expense related to stock-based payments


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
	(In Thousands)
Compensation expense related to stock-based payments	$	539	$	603	$	1,466	$	1,898
Related income tax benefit		151		66		410		197

Schedule of stock option activity

Schedule of stock option activity
	Options		Weighted average exercise price		Weighted average remaining contractual life		Aggregate intrinsic value
		(In thousands)
Outstanding at December 31, 2024		30	$	10.42		1.21	$	426
Granted		–		–		–		–
Exercised		–		–		–		–
Forfeited		–		–		–		–
Outstanding at September 30, 2025		30	$	10.42		0.46	$	514
Exercisable at September 30, 2025		30	$	10.42		0.46	$	514

Schedule of RSU activity

Schedule of RSU activity
	Restricted Stock Units			Weighted Average Grant Date Fair Value
		(In thousands)
Outstanding at December 31, 2024		190		$	8.77
Granted		18			24.53
Shares issued upon vesting		(42	)		9.68
Forfeited		–			–
Outstanding at September 30, 2025		166		$	10.25
Vested and deferred at September 30, 2025		78		$	8.71

Schedule of performance units

Schedule of performance units
	Performance Units			Weighted Average Grant Date Fair Value
	(In thousands)
Nonvested at December 31, 2024		306		$	8.08
Granted ⁽¹⁾		91			13.45
Shares issued upon vesting		(174	)		6.25
Forfeited		(24	)		8.41
Nonvested at September 30, 2025		199		$	12.10

⁽¹⁾

Includes 55 thousand additional shares granted in connection with the vesting of the 2022 award in 2025 due to above-target performance in accordance with the terms of the award.

Lifeway Foods, Inc. 10-Q