Reading International CFO granted 111,344 RSUs
Avanes Gilbert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Avanes Gilbert reported acquisition or exercise transactions in this Form 4 filing.
Reading International Inc. reported that EVP, CFO & Treasurer Gilbert Avanes received a grant of 111,344 Restricted Stock Units of Class A Non-Voting Common Stock. Each unit represents the right to receive one share upon vesting and was granted at a price of $0.00 per unit.
The Restricted Stock Units were granted under the company’s 2020 Stock Incentive Plan and will fully vest on April 27, 2027. Following this filing, Avanes also holds 134,386 shares of Class A Non-Voting Common Stock directly. The filing shows a compensation-related award, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 111,344 shares
Grant/Award
2 txns
Insider
Avanes Gilbert
Role
EVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 111,344 | $0.00 | $0.00 |
| holding | Class A Non-Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 111,344 contracts (Direct);
Class A Non-Voting Common Stock — 134,386 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: 111,344 units
RSU grant price: $0.00 per unit
RSU vesting date: April 27, 2027
+2 more
5 metrics
RSUs granted
111,344 units
Restricted Stock Units granted to EVP, CFO & Treasurer Gilbert Avanes
RSU grant price
$0.00 per unit
Grant of 111,344 Restricted Stock Units
RSU vesting date
April 27, 2027
Restricted Stock Units under 2020 Stock Incentive Plan
Underlying shares per RSU
1 share per unit
Each RSU converts into one share of Class A Non-Voting Common Stock
Direct share holdings
134,386 shares
Class A Non-Voting Common Stock held directly after transaction
Key Terms
Restricted Stock Units, Class A Non-Voting Common Stock, 2020 Stock Incentive Plan
3 terms
Restricted Stock Units financial
"Restricted Stock Units represents the contingent right to receive one share"
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
"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"
FAQ
What insider transaction did Reading International (RDI) report for Gilbert Avanes?
Reading International reported a grant of 111,344 Restricted Stock Units to EVP, CFO & Treasurer Gilbert Avanes. These units are a stock-based compensation award, not an open-market trade, and convert into Class A Non-Voting Common Stock when they vest.
How many Restricted Stock Units did Reading International (RDI) grant to its CFO?
The CFO, Gilbert Avanes, was granted 111,344 Restricted Stock Units. Each unit gives him the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting, providing additional equity-based compensation tied to Reading International’s stock.
When do the granted Restricted Stock Units for Reading International (RDI) CFO vest?
The granted Restricted Stock Units will fully vest on April 27, 2027. Vesting means the units convert into shares of Class A Non-Voting Common Stock, giving the CFO actual ownership of those shares at that future date.
What is the relationship between Reading International (RDI) RSUs and Class A Non-Voting Common Stock?
Each Restricted Stock Unit represents the right to receive one share of Class A Non-Voting Common Stock upon vesting. This 1:1 conversion links the executive’s compensation directly to the company’s equity performance over the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
