Reading International grants 42,530 RSUs to executive
READING INTERNATIONAL INC President - U.S. Cinemas Robert F. Smerling received a grant of 42,530 Restricted Stock Units on April 27, 2026.
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Form Type
4
Rhea-AI Filing Summary
READING INTERNATIONAL INC President - U.S. Cinemas Robert F. Smerling received a grant of 42,530 Restricted Stock Units on April 27, 2026. Each unit represents one share of Class A Non-Voting Common Stock and was granted at no cash cost, vesting in full on April 27, 2027.
Following this filing, Smerling directly holds 109,945 shares of Class A Non-Voting Common Stock and 42,530 RSUs that will convert into the same class of stock when they vest.
Insider Trade Summary
Grant/Award: 42,530 shares
Grant/Award
2 txns
Insider
SMERLING ROBERT F
Role
President - U.S. Cinemas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,530 | $0.00 | $0.00 |
| holding | Class A Non-Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 42,530 contracts (Direct);
Class A Non-Voting Common Stock — 109,945 shares (Direct)
Footnotes (2)
- 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. Restricted stock units granted pursuant to the Company's 2020 Stock Incentive Plan and will fully vest on April 27, 2027.
Key Figures
RSUs granted: 42,530 units
Underlying shares per RSU: 1 share
RSU vesting date: April 27, 2027
+1 more
4 metrics
RSUs granted
42,530 units
Restricted Stock Units granted April 27, 2026
Underlying shares per RSU
1 share
Each RSU equals one Class A Non-Voting share upon vesting
RSU vesting date
April 27, 2027
Full vesting date for the 42,530 RSUs
Direct Class A shares held
109,945 shares
Class A Non-Voting Common Stock held directly after reported transactions
Key Terms
Restricted Stock Units, Class A Non-Voting Common Stock, 2020 Stock Incentive Plan, contingent right
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit."
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.
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 upon vesting of the unit."
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.
2020 Stock Incentive Plan financial
"Restricted stock units granted pursuant to the Company's 2020 Stock Incentive Plan and will fully vest on April 27, 2027."
contingent right financial
"Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RDI executive Robert F. Smerling report?
Robert F. Smerling reported receiving a grant of 42,530 Restricted Stock Units. These units are tied to Reading International’s Class A Non-Voting Common Stock and were awarded as equity compensation rather than bought in the open market.
How many RSUs did RDI grant to Robert F. Smerling and what do they represent?
Reading International granted 42,530 Restricted Stock Units to Robert F. Smerling. Each RSU represents a contingent right to receive one share of Class A Non-Voting Common Stock, aligning his compensation with the company’s future share performance.
When do Robert F. Smerling’s RDI Restricted Stock Units vest?
The 42,530 Restricted Stock Units granted to Robert F. Smerling fully vest on April 27, 2027. Once vested, each unit converts into one share of Reading International’s Class A Non-Voting Common Stock, increasing his direct equity-based interest.
Was the RDI RSU grant to Robert F. Smerling an open-market purchase or compensation award?
The 42,530-unit transaction is a compensation award, not an open-market purchase. The Form 4 labels the transaction with code “A,” indicating a grant or award, and the units were issued under Reading International’s 2020 Stock Incentive Plan.
Under which plan were Robert F. Smerling’s RDI Restricted Stock Units granted?
Robert F. Smerling’s 42,530 Restricted Stock Units were granted under Reading International’s 2020 Stock Incentive Plan. This plan provides equity-based compensation, with the RSUs converting into Class A Non-Voting Common Stock after they fully vest in 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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