Reading International (RDI) CFO has 12,058 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
READING INTERNATIONAL INC executive Gilbert Avanes, EVP, CFO & Treasurer, reported a tax-related share disposition. On Class A Non-Voting Common Stock, 12,058 shares were withheld by the company at a price of $1.075 per share to cover tax obligations tied to vesting restricted stock units. After this withholding transaction, Avanes directly holds 101,218 Class A Non-Voting Common shares. This event reflects routine tax withholding rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Avanes Gilbert
Role
EVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Non-Voting Common Stock | 12,058 | $1.075 | $13K |
Holdings After Transaction:
Class A Non-Voting Common Stock — 101,218 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RDI executive Gilbert Avanes report on this Form 4?
Gilbert Avanes reported a tax-withholding disposition of 12,058 shares of Reading International Class A Non-Voting Common Stock. The shares were withheld by the issuer to satisfy tax obligations related to vesting restricted stock units and deferred delivery of underlying stock.
Was the RDI Form 4 transaction by Gilbert Avanes an open-market sale?
No, the Form 4 shows a tax-withholding disposition coded “F,” not an open-market sale. The 12,058 shares were withheld by Reading International to cover tax liabilities from restricted stock unit vesting and related deferred share delivery.
What role does Gilbert Avanes have at Reading International (RDI)?
Gilbert Avanes serves as Executive Vice President, Chief Financial Officer and Treasurer of Reading International Inc. His officer status is disclosed in the Form 4, which reports his direct ownership and the tax-withholding share disposition in Class A Non-Voting Common Stock.
What is the transaction code F used in the RDI Form 4 for Gilbert Avanes?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 12,058 Reading International Class A Non-Voting shares were withheld by the issuer to satisfy tax withholding obligations tied to restricted stock unit vesting and deferred share delivery.