Reading International (RDI) EVP settles 24,400 RSUs, 24,400 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. On April 11, 2026, 24,400 Restricted Stock Units converted into 24,400 shares of Class A Non-Voting Common Stock at an exercise price of $0.00 per share. The same 24,400 shares were then disposed of through a tax-withholding transaction to satisfy obligations tied to the vesting and delivery. Following these transactions, Tompkins directly owned 143,651 shares of Class A Non-Voting Common Stock. These units were part of a larger April 11, 2023 grant of 81,577 restricted stock units under the company’s 2020 Stock Incentive Plan, which includes both time-based and performance-based vesting components.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,400 shares exercised/converted
Mixed
2 txns
Insider
Tompkins Sidney Craig
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,400 | $0.00 | -- |
| Tax Withholding | Class A Non-Voting Common Stock | 24,400 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 11,250 shares (Direct);
Class A Non-Voting Common Stock — 143,651 shares (Direct)
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 81,577 restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 45,000 restricted stock units vest in four equal annual installments on April 11, 2024, April 11, 2025, April 11, 2026 and April 11, 2027; (ii) 21,577 restricted stock units vested on April 11, 2024; and (iii) 13,150 performance-based restricted stock units (PRSU) vested on April 11, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved. 24,400 restricted stock units are fully vested on April 11, 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.
Key Figures
RSUs exercised: 24,400 units
Shares withheld for taxes: 24,400 shares
Shares owned after transaction: 143,651 shares
+4 more
7 metrics
RSUs exercised
24,400 units
Restricted Stock Units converted on April 11, 2026
Shares withheld for taxes
24,400 shares
Tax-withholding disposition on April 11, 2026
Shares owned after transaction
143,651 shares
Class A Non-Voting Common Stock, direct ownership after Form 4
Total RSUs granted
81,577 units
Grant on April 11, 2023 under 2020 Stock Incentive Plan
Time-based RSUs
45,000 units
Vest in four equal annual installments on April 11 from 2024-2027
RSUs vested April 11, 2024
21,577 units
Previously vested portion of the April 11, 2023 grant
Performance-based RSUs vested
13,150 units
PRSU vested on April 11, 2026 upon committee certification
Key Terms
Restricted Stock Units, performance-based restricted stock units (PRSU), tax-withholding disposition, irrevocable deferral election, +1 more
5 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 (PRSU) financial
"13,150 performance-based restricted stock units (PRSU) vested on April 11, 2026"
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.
irrevocable deferral election financial
"shares ... will be delivered to the reporting person in accordance with their irrevocable deferral election"
2020 Stock Incentive Plan financial
"restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan"
FAQ
What insider transaction did RDI executive Sidney Craig Tompkins report?
Sidney Craig Tompkins exercised 24,400 Restricted Stock Units into 24,400 shares of Class A Non-Voting Common Stock. The same 24,400 shares were then used in a tax-withholding disposition to cover obligations related to the vesting and delivery of those units.
What are Restricted Stock Units in the Reading International (RDI) Form 4?
Each Restricted Stock Unit represents a contingent right to receive one share of Class A Non-Voting Common Stock when it vests. For Tompkins, 24,400 RSUs vested on April 11, 2026 and converted into an equal number of Reading International shares under the company’s equity plan.
What is the background of the 81,577 RSUs granted to RDI executive Sidney Craig Tompkins?
A total of 81,577 RSUs were granted on April 11, 2023 under the 2020 Stock Incentive Plan. Of this, 45,000 vest in four equal annual installments, 21,577 vested on April 11, 2024, and 13,150 performance-based RSUs vested on April 11, 2026.
How are the 24,400 vested RSUs for Sidney Craig Tompkins delivered under RDI’s plan?
The 24,400 RSUs vested on April 11, 2026, and the underlying Class A Common Stock will be delivered in accordance with Tompkins’s irrevocable deferral election. This means delivery timing follows his pre-chosen deferral arrangements rather than immediate receipt.