COTTER ELLEN M 4
4 · READING INTERNATIONAL INC · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Reading International (RDI) 10% Owner Cotter Converts 82,186 RSUs
What Happened Ellen M. Cotter, a reported 10% owner of Reading International, Inc. (RDI), converted a total of 82,186 restricted stock units (RSUs) into Class A non‑voting common shares via derivative exercise/conversion (transaction code M). Specifically, 11,990 RSUs vested and converted on April 18, 2026, and 70,196 RSUs vested and converted on April 21, 2026. The transactions show $0.00 per share (no cash paid or received) — these were vesting/conversion events, not open‑market purchases or sales.
Key Details
- Transaction dates: April 18, 2026 (11,990 RSUs) and April 21, 2026 (70,196 RSUs).
- Price: $0.00 per share; no cash was exchanged on conversion.
- Total shares converted: 82,186.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1–F5 explain these were RSUs from grants on April 18, 2022 and April 21, 2023; portions vested per schedule and performance, and the underlying shares will be delivered in accordance with Cotter’s irrevocable deferral election.
- Filing: Report filed April 21, 2026; the Form 4 reports the April 18 and April 21 vesting/conversion events (no late filing indicated in the provided data).
Context These entries reflect RSU vesting and conversion into common shares (derivative instruments settled into stock), not sales—so they are not a bearish signal. Because Cotter is reported as a 10% owner, this filing documents a significant shareholder receiving previously granted compensation shares rather than an open‑market trade by a non‑insider.
Insider Transaction Report
- Exercise/Conversion
Class A Non-voting Common Stock
[F1]2026-04-18+11,990→ 996,626 total - Exercise/Conversion
Class A Non-voting Common Stock
[F1]2026-04-21+70,196→ 1,066,822 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-04-18−11,990→ 0 total→ Class A Non-Voting Common Stock (11,990 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-04-21−70,196→ 15,576 total→ Class A Non-Voting Common Stock (70,196 underlying)
Footnotes (5)
- [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 95,923 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 47,962 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) 47,961 performance-based restricted stock units (PRSU) vested on April 18, 2025 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- [F3]11,990 restricted stock units are fully vested on April 18, 2026. 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.
- [F4]As previously reported, a total of 166,667 restricted stock units were granted on April 21, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 62,306 restricted stock units vest in four equal annual installments on April 21, 2024, April 21, 2025, April 21, 2026 and April 21, 2027; and (ii) 42,056 restricted stock units fully vested on April 21, 2024, and (iii) 62,305 performance-based restricted stock units (PRSU) vest on April 21, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- [F5]70,196 restricted stock units are fully vested on April 21, 2026. 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.