Reading Intl CFO exercises 8,768 RSUs
READING INTERNATIONAL INC EVP, CFO & Treasurer Gilbert Avanes exercised restricted stock units into Class A Non-Voting Common Stock.
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Form Type
4
Rhea-AI Filing Summary
READING INTERNATIONAL INC EVP, CFO & Treasurer Gilbert Avanes exercised restricted stock units into Class A Non-Voting Common Stock. On April 18, 2026, 8,768 restricted stock units fully vested and were converted into 8,768 shares, bringing his direct holdings to 134,386 shares.
The vested units are part of a 46,763-unit grant made on April 18, 2022 under the 2020 Stock Incentive Plan, which includes time-based installments vesting annually from 2023 to 2026 and 11,691 performance-based units that vested on April 18, 2025.
Insider Trade Summary
8,768 shares exercised/converted
Exercise
2 txns
Insider
Avanes Gilbert
Role
EVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,768 | $0.00 | $0.00 |
| Exercise | Class A Non-Voting Common Stock | 8,768 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Non-Voting Common Stock — 134,386 shares (Direct)
Footnotes (3)
- 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 46,763 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 35,072 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) 11,691 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. 8,768 restricted stock units are fully vested on April 18, 2026 and 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: 8,768 units
Shares received: 8,768 shares
Post-transaction holdings: 134,386 shares
+4 more
7 metrics
RSUs exercised
8,768 units
Restricted Stock Units converted to Class A Non-Voting Common Stock on April 18, 2026
Shares received
8,768 shares
Class A Non-Voting Common Stock delivered for vested RSUs
Post-transaction holdings
134,386 shares
Class A Non-Voting Common Stock held directly after April 18, 2026
Original RSU grant
46,763 units
Grant made April 18, 2022 under 2020 Stock Incentive Plan
Time-vested RSUs
35,072 units
Vest in four equal annual installments from 2023 through 2026
Performance-based RSUs
11,691 units
Performance-based RSUs that vested on April 18, 2025
Exercise price
$0.0000 per unit
Conversion price for the 8,768 restricted stock units
Key Terms
Restricted Stock Units, performance-based restricted stock units (PRSU), 2020 Stock Incentive Plan, Class A Non-Voting Common Stock, +1 more
5 terms
Restricted Stock Units financial
"8,768 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
"11,691 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"
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.
irrevocable deferral election financial
"shares ... will be delivered to the reporting person in accordance with their irrevocable deferral election"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RDI executive Gilbert Avanes report on this Form 4?
Gilbert Avanes reported exercising 8,768 restricted stock units into 8,768 shares of Class A Non-Voting Common Stock. These units fully vested on April 18, 2026 as part of a prior equity grant under Reading International’s 2020 Stock Incentive Plan.
What was the size and structure of Gilbert Avanes’s April 18, 2022 RDI RSU grant?
On April 18, 2022, 46,763 restricted stock units were granted to Gilbert Avanes under the 2020 Stock Incentive Plan. Of these, 35,072 vest in four equal annual installments from 2023 through 2026, and 11,691 performance-based units vested on April 18, 2025.
When did the 8,768 Reading International RSUs vested and settle for Gilbert Avanes?
The 8,768 restricted stock units fully vested on April 18, 2026, with underlying shares to be delivered in accordance with Gilbert Avanes’s irrevocable deferral election. Each unit represents the right to receive one share of Class A Non-Voting Common Stock upon vesting.
What type of securities were involved in Gilbert Avanes’s RDI Form 4 filing?
The Form 4 involves Restricted Stock Units and Class A Non-Voting Common Stock of Reading International. The RSUs, each tied to one share, were exercised or converted, eliminating 8,768 RSUs and issuing an equal number of Class A Non-Voting shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
