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Reading International (RDI) exec exercises 3,685 RSUs into Class A shares

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

Rhea-AI Filing Summary

READING INTERNATIONAL INC executive Steven John Lucas, VP, Controller & CAO, exercised 3,685 Restricted Stock Units, receiving the same number of shares of Class A Non-Voting Common Stock at a price of $0.00 per share. Following this vesting, he directly holds 32,091 Class A Non-Voting Common shares.

The RSUs come from a previously reported grant of 19,657 restricted stock units awarded on April 18, 2022 under the company’s 2020 Stock Incentive Plan, which includes 14,743 time-based RSUs vesting annually from 2023–2026 and 4,914 performance-based RSUs scheduled to vest on April 18, 2025 subject to certified performance.

Positive

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Negative

  • None.
Insider Lucas Steven John
Role VP, Controller & CAO
Type Security Shares Price Value
Exercise Restricted Stock Units 3,685 $0.00 --
Exercise Class A Non-Voting Common Stock 3,685 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Non-Voting Common Stock — 32,091 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 19,657 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 14,743 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) 4,914 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.
RSUs exercised 3,685 units/shares RSUs converted to Class A Non-Voting Common Stock on April 18, 2026
Post-transaction holdings 32,091 shares Class A Non-Voting Common Stock held directly after RSU conversion
Total RSUs granted 19,657 units Restricted stock units granted on April 18, 2022 under 2020 Stock Incentive Plan
Time-based RSUs 14,743 units Vest in four equal annual installments on April 18, 2023–2026
Performance-based RSUs 4,914 units PRSU vesting on April 18, 2025 upon certified performance
Exercise price $0.00 per share Price per share on RSU conversion to Class A Non-Voting Common 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
"4,914 performance-based restricted stock units (PRSU) vest on April 18, 2025 based on the Compensation and Stock Option Committee certification"
2020 Stock Incentive Plan financial
"19,657 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan"
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*
Lucas Steven John
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, Controller & CAO
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 Stock04/18/2026M3,685A(1)32,091D
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)04/18/2026M3,685 (2) (2)Class A Non-Voting Common Stock3,685$00D
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 19,657 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 14,743 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) 4,914 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.
/s/ Steve J. Lucas04/21/2026
** 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 did RDI executive Steven John Lucas report in this Form 4?

Steven John Lucas reported exercising 3,685 Restricted Stock Units, receiving 3,685 shares of Class A Non-Voting Common Stock at $0.00 per share. After this transaction, he directly owns 32,091 Class A Non-Voting Common shares at Reading International (RDI).

How many Reading International (RDI) shares does Steven John Lucas now hold?

After the reported RSU vesting, Steven John Lucas directly holds 32,091 shares of Reading International Class A Non-Voting Common Stock. This reflects his position following the conversion of 3,685 Restricted Stock Units into an equal number of common shares on April 18, 2026.

What is the background of the 3,685 RSUs exercised by the RDI executive?

The 3,685 RSUs exercised are part of a previously reported grant of 19,657 restricted stock units awarded on April 18, 2022 under Reading International’s 2020 Stock Incentive Plan. That grant includes both time-based RSUs and performance-based RSUs tied to future vesting conditions.

How are the 19,657 RSUs granted to the RDI executive structured?

Of the 19,657 RSUs granted on April 18, 2022, 14,743 RSUs vest in four equal annual installments on April 18 in 2023, 2024, 2025, and 2026. The remaining 4,914 performance-based RSUs are scheduled to vest on April 18, 2025, subject to performance certification.

What does each Restricted Stock Unit represent for Reading International (RDI)?

Each Restricted Stock Unit represents the contingent right to receive one share of Reading International’s Class A Non-Voting Common Stock upon vesting. When vesting occurs, RSUs convert into actual shares, as seen with the 3,685 RSUs that became common stock in this filing.