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Reading International (RDI) chair Margaret Cotter exercises 33,472 RSUs into Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider COTTER MARGARET
Role Chairperson, EVP - RE Dev/NY
Type Security Shares Price Value
Exercise Restricted Stock Units 24,704 $0.00 --
Exercise Class A Non-Voting Common Stock 24,704 $0.00 --
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 — 11,390 shares (Direct, null); Class A Non-Voting Common Stock — 875,082 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) vest 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. 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. 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. 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.
RSUs exercised 33,472 units Total restricted stock units converted to Class A Non-Voting Common Stock
Shares acquired via RSU exercise 33,472 shares Class A Non-Voting Common Stock received at $0.00 per share
Shares held after transactions 875,082 shares Class A Non-Voting Common Stock directly owned by Margaret Cotter
RSUs remaining after transactions 11,390 units Restricted stock units still outstanding following April 2026 vestings
April 18, 2026 RSU vesting 8,768 units Restricted stock units fully vested on April 18, 2026
April 21, 2026 RSU vesting 24,704 units Restricted stock units fully vested on April 21, 2026
Exercise price $0.00 per share Price per share for RSU conversions into Class A Non-Voting stock
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 (PRSU) financial
"11,691 performance-based restricted stock units (PRSU) vest 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"
irrevocable deferral election financial
"underlying 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*
COTTER MARGARET
(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)
XDirectorX10% Owner
XOfficer (give title below)XOther (specify below)
Chairperson, EVP - RE Dev/NYMember of Sec.13(d)(3) Group
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)850,378D
Class A Non-Voting Common Stock04/21/2026M24,704A(1)875,082D
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
Restricted Stock Units(1)04/21/2026M24,704 (4)(5) (4)(5)Class A Non-Voting Common Stock24,704$011,390D
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) vest 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. 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.
4. 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.
5. 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.
/s/ Margaret Cotter04/21/2026
** 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’s Margaret Cotter report on this Form 4?

Margaret Cotter reported exercising restricted stock units into Class A Non-Voting Common Stock. She converted 33,472 units into 33,472 shares at $0.00 per share, reflecting compensation vesting rather than open-market buying or selling of Reading International Inc. stock.

How many Reading International (RDI) shares does Margaret Cotter hold after these transactions?

After the reported transactions, Margaret Cotter directly holds 875,082 shares of Class A Non-Voting Common Stock. She also has 11,390 restricted stock units outstanding, which represent additional shares she may receive in the future as they vest under plan terms.

How many restricted stock units did Margaret Cotter’s April 2026 vestings involve at RDI?

The April 2026 vestings involved 8,768 restricted stock units from an April 18, 2022 grant and 24,704 restricted stock units from an April 21, 2023 grant. Together, these 33,472 vested units were settled in an equal number of Class A Non-Voting Common shares.

What is the nature of the restricted stock units reported by RDI’s Margaret Cotter?

Each restricted stock unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting. Some units vest in scheduled annual installments, while separate performance-based restricted stock units vest based on certified performance levels under the company’s 2020 Stock Incentive Plan.

Did Margaret Cotter buy or sell RDI shares on the open market in this Form 4?

No open-market purchases or sales are reported. The Form 4 shows option-type transactions coded “M,” where restricted stock units were exercised or converted into common shares at $0.00 per share, reflecting equity compensation vesting rather than discretionary market trading.

How will the newly vested RDI shares be delivered to Margaret Cotter?

For the vested blocks of 8,768 and 24,704 restricted stock units, the underlying Class A Common Stock will be delivered to Margaret Cotter in accordance with her irrevocable deferral election, meaning actual share delivery follows the deferral terms she previously chose.