Reading VP acquires 3,685 Class A shares via RSUs
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.
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
- None.
Negative
- None.
Insider Trade Summary
3,685 shares exercised/converted
Exercise
2 txns
Insider
Lucas Steven John
Role
VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,685 | $0.00 | $0.00 |
| Exercise | Class A Non-Voting Common Stock | 3,685 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Non-Voting Common Stock — 32,091 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.
- F2. 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.
Key Figures
RSUs exercised: 3,685 units/shares
Post-transaction holdings: 32,091 shares
Total RSUs granted: 19,657 units
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, performance-based restricted stock units (PRSU), 2020 Stock Incentive Plan
3 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
"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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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).
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
