Reading International director exercises 33,472 RSUs
Reading International Inc. director and executive Margaret Cotter exercised restricted stock units into Class A Non-Voting Common Stock.
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Rhea-AI Filing Summary
Reading International Inc. director and executive Margaret Cotter exercised restricted stock units into Class A Non-Voting Common Stock. On April 18 and April 21, she converted a total of 33,472 restricted stock units into the same number of shares at a price of $0.00 per share.
Following these compensation-related exercises, Cotter directly holds 875,082 shares of Class A Non-Voting Common Stock and 11,390 remaining restricted stock units. The vested units stem from grants made under the company’s 2020 Stock Incentive Plan, with delivery of certain shares deferred under her irrevocable deferral elections.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,704 | $0.00 | $0.00 |
| Exercise | Class A Non-Voting Common Stock | 24,704 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,768 | $0.00 | $0.00 |
| Exercise | Class A Non-Voting Common Stock | 8,768 | $0.00 | $0.00 |
Footnotes (5)
- 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) vest 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. 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.
- F4. As previously reported, a total of 71,052 restricted stock units were granted on April 21, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 45,561 restricted stock units vest in four equal annual installments on April 21, 2024, April 21, 2025, April 21, 2026 and April 21, 2027; and (ii) 10,304 restricted stock units fully vested on April 21, 2024, and (iii) 15,187 performance-based restricted stock units (PRSU) vest on April 21, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- F5. 24,704 restricted stock units are fully vested on April 21, 2026. 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
Key Terms
Restricted Stock Units financial
performance-based restricted stock units (PRSU) financial
2020 Stock Incentive Plan financial
irrevocable deferral election financial
FAQ
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What insider transaction did RDI’s Margaret Cotter report on this Form 4?
How many restricted stock units did Margaret Cotter’s April 2026 vestings involve at RDI?
What is the nature of the restricted stock units reported by RDI’s Margaret Cotter?
AI-generated analysis. How Rhea-AI works. Not financial advice.