SMERLING ROBERT F 4

What Happened Robert F. Smerling, President — U.S. Cinemas of Reading International (RDI), was granted 42,530 restricted stock units (RSUs) on April 27, 2026. The filing reports the acquisition price as $0.00 because these are derivative awards (no cash was paid). The RSUs will convert to Class A non-voting common shares upon vesting.

Key Details

• Transaction date: 2026-04-27 (filed on 2026-04-29). Filing appears within the typical 2-business-day Form 4 window.
• Transaction type/code: Award/Grant (A) of restricted stock units (derivative).
• Shares/units granted: 42,530 RSUs; reported price $0.00.
• Vesting: Per footnote, each RSU converts to one share on vesting; units will fully vest on April 27, 2027, under the company’s 2020 Stock Incentive Plan.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 = each RSU represents the contingent right to one Class A share upon vesting. F2 = RSUs granted under the 2020 Stock Incentive Plan and will fully vest 4/27/2027.

Context This was a grant of long-term compensation (RSUs) rather than an open-market purchase or sale. RSUs do not represent immediate share ownership or a cash outlay and typically vest over time as a retention incentive. Such awards are common for executives and should be interpreted as compensation actions rather than direct bullish or bearish market signals.