Reading International (RDI) EVP exercises 8,768 RSUs, 4,160 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
READING INTERNATIONAL INC EVP and General Counsel Sidney Craig Tompkins exercised restricted stock units and had shares withheld for taxes. He converted 8,768 Restricted Stock Units into an equal number of Class A Non-Voting Common shares, while 4,160 shares were withheld to satisfy tax obligations. Following these compensation-related transactions, he directly holds 152,419 Class A Non-Voting Common shares, and the exercised Restricted Stock Units balance is reduced to zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,768 shares exercised/converted
Mixed
3 txns
Insider
Tompkins Sidney Craig
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,768 | $0.00 | -- |
| Exercise | Class A Non-Voting Common Stock | 8,768 | $0.00 | -- |
| Tax Withholding | Class A Non-Voting Common Stock | 4,160 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Non-Voting Common Stock — 152,419 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs exercised: 8,768 units
Shares withheld for taxes: 4,160 shares
Shares held after transactions: 152,419 shares
+3 more
6 metrics
RSUs exercised
8,768 units
Restricted Stock Units converted into Class A Non-Voting Common Stock on April 18, 2026
Shares withheld for taxes
4,160 shares
Tax-withholding disposition of Class A Non-Voting Common Stock
Shares held after transactions
152,419 shares
Direct holdings of Class A Non-Voting Common Stock following April 18, 2026 events
Total RSUs granted 2022
46,763 units
Restricted stock units granted April 18, 2022 under 2020 Stock Incentive Plan
Time-based RSUs from 2022 grant
35,072 units
Vest in four equal annual installments in 2023, 2024, 2025 and 2026
Performance-based RSUs from 2022 grant
11,691 units
Vest April 18, 2025 based on certified performance levels
Key Terms
Restricted Stock Units, performance-based restricted stock units, tax-withholding disposition, derivative security
4 terms
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 financial
"11,691 performance-based restricted stock units (PRSU) vest on April 18, 2025 based on the Compensation and Stock Option Committee certification"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did RDI executive Sidney Craig Tompkins report?
Sidney Craig Tompkins reported exercising 8,768 Restricted Stock Units into Class A Non-Voting Common Stock. In connection with this vesting event, 4,160 shares were withheld to cover tax obligations, and he now directly holds 152,419 Class A Non-Voting Common shares.
How many Reading International (RDI) RSUs did Tompkins exercise in this Form 4?
Tompkins exercised 8,768 Restricted Stock Units into the same number of Class A Non-Voting Common shares. Each unit represented a contingent right to receive one share upon vesting, converting equity awards granted under the company’s 2020 Stock Incentive Plan into actual common stock.
What are the key details of Sidney Tompkins’ outstanding RDI equity awards?
A prior grant totaled 46,763 restricted stock units awarded on April 18, 2022. Of this, 35,072 units vest in four equal annual installments from 2023 through 2026, while 11,691 performance-based RSUs vest on April 18, 2025, subject to certified performance levels.
What is the structure of Tompkins’ April 18, 2022 RSU grant at Reading International (RDI)?
The April 18, 2022 grant comprised 46,763 restricted stock units. It includes 35,072 time-based RSUs vesting in four annual tranches from 2023 to 2026, and 11,691 performance-based RSUs scheduled to vest on April 18, 2025, upon committee certification of performance.