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Reading International (RDI) CFO converts 8,768 RSUs into Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Avanes Gilbert
Role EVP, CFO & Treasurer
Type Security Shares Price Value
Exercise Restricted Stock Units 8,768 $0.00 --
Exercise Class A Non-Voting Common Stock 8,768 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Non-Voting Common Stock — 134,386 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit. 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. 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.
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
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"
irrevocable deferral election financial
"shares ... will be delivered to the reporting person in accordance with their irrevocable deferral election"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Avanes Gilbert
(Last)(First)(Middle)
189 SECOND AVENUE
SUITE 2S
(Street)
NEW YORK NEW YORK 10003
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
READING INTERNATIONAL INC [ RDI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, CFO & Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Non-Voting Common Stock04/18/2026M8,768A(1)134,386D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/18/2026M8,768 (2)(3) (2)(3)Class A Non-Voting Common Stock8,768$00D
Explanation of Responses:
1. Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.
2. 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.
3. 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.
/s/ Gilbert Avanes04/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Reading International (RDI) shares does Gilbert Avanes hold after this transaction?

After the April 18, 2026 transaction, Gilbert Avanes directly holds 134,386 shares of Class A Non-Voting Common Stock. This total reflects the addition of 8,768 shares received upon vesting and settlement of restricted stock units granted in April 2022.

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.