Reading International CEO exercises 82,186 RSUs
Reading International Inc. Director, President and CEO Ellen M. Cotter exercised restricted stock units into Class A Non-Voting Common Stock as part of her equity compensation.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Reading International Inc. Director, President and CEO Ellen M. Cotter exercised restricted stock units into Class A Non-Voting Common Stock as part of her equity compensation. On April 18, 2026, 11,990 restricted stock units converted into an equal number of shares at a stated price of $0.00 per share.
On April 21, 2026, an additional 70,196 restricted stock units fully vested and converted into 70,196 Class A Non-Voting shares. These units stem from grants made in 2022 and 2023 under the company’s 2020 Stock Incentive Plan, including performance-based awards certified by the Compensation and Stock Option Committee.
Following these transactions, Cotter directly holds 1,066,822 shares of Class A Non-Voting Common Stock. Certain vested units are subject to an irrevocable deferral election, meaning the underlying shares will be delivered to her at a later time according to that election.
Insider Trade Summary
82,186 shares exercised/converted
Exercise
4 txns
Insider
COTTER ELLEN M
Role
Director, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 70,196 | $0.00 | $0.00 |
| Exercise | Class A Non-voting Common Stock | 70,196 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,990 | $0.00 | $0.00 |
| Exercise | Class A Non-voting Common Stock | 11,990 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 15,576 contracts (Direct);
Class A Non-voting Common Stock — 1,066,822 shares (Direct)
Footnotes (5)
- F1. Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.
- F2. As previously reported, a total of 95,923 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 47,962 restricted stock units vest in four equal annual installments on April 18, 2023, April 18, 2024, April 18, 2025 and April 18, 2026; and (ii) 47,961 performance-based restricted stock units (PRSU) vested on April 18, 2025 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- F3. 11,990 restricted stock units are fully vested on April 18, 2026. The underlying shares of Class A Common Stock in Reading International, Inc. will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F4. As previously reported, a total of 166,667 restricted stock units were granted on April 21, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 62,306 restricted stock units vest in four equal annual installments on April 21, 2024, April 21, 2025, April 21, 2026 and April 21, 2027; and (ii) 42,056 restricted stock units fully vested on April 21, 2024, and (iii) 62,305 performance-based restricted stock units (PRSU) vest on April 21, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- F5. 70,196 restricted stock units are fully vested on April 21, 2026. The underlying shares of Class A Common Stock in Reading International, Inc. will be delivered to the reporting person in accordance with their irrevocable deferral election.
Key Figures
RSUs exercised total: 82,186 restricted stock units
RSUs exercised April 18, 2026: 11,990 restricted stock units
RSUs exercised April 21, 2026: 70,196 restricted stock units
+3 more
6 metrics
RSUs exercised total
82,186 restricted stock units
Exercise/conversion transactions reported in April 2026
RSUs exercised April 18, 2026
11,990 restricted stock units
Converted into Class A Non-Voting Common Stock
RSUs exercised April 21, 2026
70,196 restricted stock units
Converted into Class A Non-Voting Common Stock
Share holdings after latest transaction
1,066,822 shares
Class A Non-Voting Common Stock held directly after April 21, 2026
2022 RSU grant size
95,923 restricted stock units
Granted April 18, 2022 under 2020 Stock Incentive Plan
2023 RSU grant size
166,667 restricted stock units
Granted April 21, 2023 under 2020 Stock Incentive Plan
Key Terms
Restricted Stock Units, performance-based restricted stock units (PRSU), 2020 Stock Incentive Plan, irrevocable deferral election, +1 more
5 terms
Restricted Stock Units financial
"11,990 restricted stock units are fully vested on April 18, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units (PRSU) financial
"47,961 performance-based restricted stock units (PRSU) vested on April 18, 2025"
2020 Stock Incentive Plan financial
"restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan."
irrevocable deferral election financial
"shares ... will be delivered to the reporting person in accordance with their irrevocable deferral election."
Class A Non-Voting Common Stock financial
"Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock"
A Class A non-voting common stock is an ownership share that gives the holder the same economic benefits as regular common stock—such as dividends and any rise in value—but does not give the holder the right to vote on corporate decisions or board elections. For investors this matters because it affects control and influence over the company’s strategy: you can share in profits or losses like a shareholder, but you cannot help decide how the company is run, similar to renting out a property’s income without holding the deed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RDI CEO Ellen Cotter report in this Form 4 filing?
Ellen M. Cotter reported exercising restricted stock units into Class A Non-Voting Common Stock. She converted 11,990 units on April 18, 2026 and 70,196 units on April 21, 2026, reflecting routine equity compensation vesting under Reading International’s 2020 Stock Incentive Plan.
What restricted stock unit grants are referenced in the RDI Form 4 footnotes?
The footnotes reference 95,923 restricted stock units granted on April 18, 2022 and 166,667 units granted on April 21, 2023. These awards include both time-based tranches vesting annually and performance-based restricted stock units that vest based on certified performance levels by the Compensation and Stock Option Committee.
What are performance-based restricted stock units (PRSUs) mentioned for RDI?
Performance-based restricted stock units (PRSUs) are equity awards that vest only if specified performance goals are met. For Reading International, the filing notes tranches of PRSUs that vested or will vest when the Compensation and Stock Option Committee certifies the performance level achieved under the applicable grant.
What does the irrevocable deferral election mean in the RDI Form 4?
The irrevocable deferral election means some vested restricted stock units convert into shares, but delivery of those shares to Ellen Cotter is postponed. The underlying Class A Common Stock will be delivered later according to previously elected deferral terms, affecting timing of when she actually receives the shares.
Were these RDI insider transactions open-market purchases or sales?
These transactions were not open-market purchases or sales. The Form 4 shows code M transactions, meaning exercises or conversions of derivative securities. Cotter’s restricted stock units vested and converted into Class A Non-Voting shares at a stated price of $0.00 per unit as compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates