COTTER ELLEN M 4
Research Summary
AI-generated summary
READING (RDI) 10% Owner Ellen Cotter Sells 24,321 Shares
What Happened
- Ellen M. Cotter, a reported 10% owner of Reading International, disposed of 24,321 shares of Class A common stock via withholding to cover tax obligations. The shares were recorded at $1.07 each, for a total value of $26,145. This was a tax-withholding/net settlement of vested restricted stock units (not an open-market sale).
Key Details
- Transaction date: 2026-03-13
- Price per share: $1.07; Shares withheld/disposed: 24,321; Total value: $26,145
- Transaction code F = shares withheld to satisfy tax withholding on vested awards
- Footnote: Shares were withheld to cover taxes relating to RSU vesting on April 5, April 18 and April 21, 2025 and the deferred delivery of the underlying Class A shares
- Filing date: 2026-03-17 (reporting period 2026-03-13) — check Form 4 timeliness relative to the usual 2-business-day filing requirement
- Shares owned after the transaction: not specified in the provided excerpt
Context
- This was a routine tax-withholding event following RSU vesting (a common net-settlement method) and does not necessarily indicate an intentional open-market sale or change in insider sentiment. For retail investors, purchases and open-market sales generally provide stronger signals than tax-withholdings by insiders. As a 10% owner, Cotter’s holdings are material in size, but this specific transaction reflects settlement of vested awards rather than a cash-raising disposition.