Reading International VP exercises 9,445 RSUs
Reading International VP, Controller & CAO Steven John Lucas exercised 9,445 Restricted Stock Units into Class A Non-Voting Common Stock on April 11, 2026.
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Form Type
4
Rhea-AI Filing Summary
Reading International VP, Controller & CAO Steven John Lucas exercised 9,445 Restricted Stock Units into Class A Non-Voting Common Stock on April 11, 2026. The same 9,445 shares were withheld to cover tax obligations, a non-market disposition, leaving his direct holdings at 28,406 shares.
Following the vesting, he also retains 4,354 Restricted Stock Units. The vested units are part of a previously reported 36,031-unit equity award granted on April 11, 2023 under the company’s 2020 Stock Incentive Plan.
Insider Trade Summary
9,445 shares exercised/converted
Exercise
2 txns
Insider
Lucas Steven John
Role
VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,445 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Non-Voting Common Stock | 9,445 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,354 contracts (Direct);
Class A Non-Voting Common Stock — 28,406 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. As previously reported, a total of 36,031 restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 17,419 restricted stock units vest in four equal annual installments on April 11, 2024, April 11, 2025, April 11, 2026 and April 11, 2027; (ii)12,806 restricted stock units vested on April 11, 2024; and (iii) 5,090 performance-based restricted stock units (PRSU) vested on April 11, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved.
Key Figures
RSUs exercised: 9,445 units
Shares withheld for taxes: 9,445 shares
Shares held after transaction: 28,406 shares
+5 more
8 metrics
RSUs exercised
9,445 units
Restricted Stock Units converted to Class A Non-Voting Common Stock on April 11, 2026
Shares withheld for taxes
9,445 shares
Class A Non-Voting Common Stock withheld to satisfy tax obligations
Shares held after transaction
28,406 shares
Direct holdings of Class A Non-Voting Common Stock following Form 4 events
RSUs remaining
4,354 units
Restricted Stock Units outstanding after the reported exercise
Original RSU grant
36,031 units
Restricted Stock Units granted April 11, 2023 under 2020 Stock Incentive Plan
Annual-installment RSUs
17,419 units
Vest in four equal installments on April 11 of 2024–2027
Time-based RSUs vested 2024
12,806 units
Restricted Stock Units vesting on April 11, 2024
Performance-based RSUs vested 2026
5,090 units
PRSU vesting on April 11, 2026 upon certified performance
Key Terms
Restricted Stock Units, performance-based restricted stock units, 2020 Stock Incentive Plan, Class A Non-Voting Common Stock
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"
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 financial
"5,090 performance-based restricted stock units (PRSU) vested on April 11, 2026"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2020 Stock Incentive Plan financial
"36,031 restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan"
Class A Non-Voting Common Stock financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Reading International (RDI) report for Steven John Lucas?
Reading International reported that VP, Controller & CAO Steven John Lucas exercised 9,445 Restricted Stock Units into Class A Non-Voting Common Stock. The same 9,445 shares were then withheld to satisfy tax obligations, making this a routine equity compensation and tax-settlement event rather than an open-market trade.
What equity award is referenced in the Reading International (RDI) Form 4 footnotes?
The footnotes reference a previously reported grant of 36,031 Restricted Stock Units made on April 11, 2023 under the 2020 Stock Incentive Plan. Portions of this award vest annually and include 5,090 performance-based RSUs that vested on April 11, 2026 upon certified performance achievement.
How are the Reading International RSUs for Steven John Lucas scheduled to vest?
Of the 36,031 Restricted Stock Units granted April 11, 2023, 17,419 units vest in four equal annual installments on April 11 of 2024, 2025, 2026, and 2027. Additionally, 12,806 units vested on April 11, 2024, and 5,090 performance-based RSUs vested on April 11, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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