Reading International (RDI) awards 31,927 RSUs to VP, Controller & CAO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lucas Steven John reported acquisition or exercise transactions in this Form 4 filing.
READING INTERNATIONAL INC reported an equity compensation award to executive Steven John Lucas, its VP, Controller & CAO. He received 31,927 Restricted Stock Units (RSUs), each representing the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting. These RSUs were granted under the company’s 2020 Stock Incentive Plan and will fully vest on April 27, 2027. Following the transactions reported, Lucas directly holds 32,091 shares of Class A Non-Voting Common Stock and a separate RSU position covering 31,927 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lucas Steven John
Role
VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 31,927 | $0.00 | -- |
| holding | Class A Non-Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 31,927 shares (Direct, null);
Class A Non-Voting Common Stock — 32,091 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. Restricted stock units granted pursuant to the Company's 2020 Stock Incentive Plan and will fully vest on April 27, 2027.
Key Figures
RSUs granted: 31,927 RSUs
Underlying shares per RSU: 1 share per RSU
Vesting date: April 27, 2027
+3 more
6 metrics
RSUs granted
31,927 RSUs
Grant to VP, Controller & CAO on April 27, 2026
Underlying shares per RSU
1 share per RSU
Each RSU equals one Class A Non-Voting share upon vesting
Vesting date
April 27, 2027
Full vesting date for 31,927 RSUs
Common shares held
32,091 shares
Class A Non-Voting Common Stock held directly after transactions
RSU position after grant
31,927 RSUs
Total RSUs directly held following the reported award
RSU grant price
$0.00 per unit
Compensation award, no cash paid by insider
Key Terms
Restricted Stock Units, Class A Non-Voting Common Stock, 2020 Stock Incentive Plan, Grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"The security title is listed as "Restricted Stock Units" for the grant."
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.
Class A Non-Voting Common Stock financial
"Each Restricted Stock Unit represents the right to receive one share of Class A Non-Voting Common Stock."
2020 Stock Incentive Plan financial
"Restricted stock units granted pursuant to the Company's 2020 Stock Incentive Plan and will fully vest on April 27, 2027."
Grant, award, or other acquisition financial
"The transaction code description for the RSUs is "Grant, award, or other acquisition"."
FAQ
What insider transaction did RDI executive Steven John Lucas report?
Steven John Lucas reported receiving a grant of 31,927 Restricted Stock Units (RSUs). These RSUs are a form of stock-based compensation that can convert into Class A Non-Voting Common Stock if vesting conditions are met, aligning his pay more closely with shareholder outcomes.
How many Reading International (RDI) RSUs were granted and what do they represent?
He was granted 31,927 RSUs. Each RSU represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting, meaning they may convert into actual shares in the future if conditions are satisfied.
When will the new RSUs for RDI executive Steven John Lucas vest?
The RSUs will fully vest on April 27, 2027. Once vested, each unit can deliver one share of Class A Non-Voting Common Stock, subject to the company’s plan terms, turning this long-term award into actual share ownership for the executive.
Were the RDI RSUs granted under a specific stock plan?
Yes. The 31,927 RSUs granted to Steven John Lucas were issued under Reading International’s 2020 Stock Incentive Plan. This plan governs the company’s equity awards, including vesting schedules and other conditions tied to stock-based compensation.