SMERLING ROBERT F 4

4 · READING INTERNATIONAL INC · Filed Apr 14, 2026

AI-generated summary of this filing

Updated Apr 14, 2026

Reading Intl (RDI) President Robert F. Smerling Receives 24,400 Shares

What Happened

Robert F. Smerling, President — U.S. Cinemas of Reading International, had 24,400 restricted stock units (RSUs) fully vest on April 11, 2026. The filing reports an exercise/conversion of the derivative (code M) for 24,400 units at a $0.00 exercise price and a related tax/exercise payment entry (code F). No sale or cash proceeds were reported; delivery of underlying Class A shares will occur per the reporting person's irrevocable deferral election.

Key Details

Transaction date: April 11, 2026; Form 4 filed April 14, 2026 (timely filing).
Reported actions: M = conversion/exercise of 24,400 RSUs into shares (price $0.00); F = payment of exercise price or tax liability related to those units.
Shares delivered/ownership after transaction: Not specified in the filing; footnote says shares will be delivered according to an irrevocable deferral election.
Origin of award: These RSUs were part of a grant on April 11, 2023 under the company’s 2020 Stock Incentive Plan (see footnotes for vesting schedule).
No open-market sale or purchase was reported — this is a vesting/conversion event, not a trade.

Context

This was a vesting/conversion of RSUs (a derivative-to-share event), not a cash purchase or a sale. The filing shows $0.00 exercise price and no proceeds, and the shares’ delivery is subject to Smerling’s deferral election. Such vesting events are routine compensation-related transactions and do not, by themselves, indicate buying or selling sentiment.

Form 4

Period: 2026-04-11

President - U.S. Cinemas

Transactions

Tax Payment
Class A Non-Voting Common Stock
[F1]
2026-04-11+24,400→ 101,177 total
Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]
2026-04-11−24,400→ 11,250 total
→ Class A Non-Voting Common Stock (24,400 underlying)

Footnotes (3)

[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 81,577 restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 45,000 restricted stock units vest in four equal annual installments on April 11, 2024, April 11, 2025, April 11, 2026 and April 11, 2027; (ii) 21,577 restricted stock units vested on April 11, 2024; and (iii) 13,150 performance-based restricted stock units (PRSU) vested on April 11, 2026 based on the Compensation and Stock Option Committee certification of the performance level achieved.
[F3]24,400 restricted stock units are fully vested on April 11, 2026 and 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.

Signature

/s/ Robert F. Smerling|2026-04-14

1 file