4//SEC Filing
Avanes Gilbert 4
Accession 0001140361-24-013019
CIK 0000716634other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 4:25 PM ET
Size
8.9 KB
Accession
0001140361-24-013019
Insider Transaction Report
Form 4
Avanes Gilbert
EVP, CFO & Treasurer
Transactions
- Exercise/Conversion
Class A Non-Voting Common Stock
2024-03-11+4,599→ 50,616 total - Exercise/Conversion
Restricted Stock Units
2024-03-11−4,599→ 0 total→ Class A Non-Voting Common Stock (4,599 underlying)
Footnotes (4)
- [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 24,530 restricted stock units were granted on March 10, 2020 pursuant to the Company's 2010 Stock Incentive Plan. Of that amount, (i) 18,398 restricted stock units vest in four equal annual installments commencing on March 10, 2021, March 10, 2022, March 10, 2023, and March 11, 2024; and (ii) 6,132 performance based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, March 10, 2023; provided that (a) the reporting person has not undergone a termination of her service at the vesting date (or earlier accelerating event), and (b)(1) one third of the performance criteria (PRSU Criteria) has been met and certified by the Compensation and Stock Option Committee (Committee) for the year ended December 31, 2020, such determination to be made before March 10, 2021;
- [F3]and (2) two thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2021 and 2022) under objective performance criteria to be established by the Committee, and shall be subject to the certification by the Committee that such PRSU Criteria, or portion thereof (stated as a percentage), has been met. The Committee must certify on or before March 10, 2023 the percentage of the PRSU Criteria which has been met for the calendar years 2021 and 2022. On March 9, 2022, the Committee determined and certified that the report person met 100% of the PRSU criteria for the year ended December 31, 2021. On March 9, 2023, the Committee determined and certified that the reporting person met 15% of PRSU criteria for the year ended December 31, 2022. The reporting person previously reported all 24,530 restricted stock units (including 6,132 PRSUs) in Table II of Form 4 dated March 12, 2020.
- [F4]4,599 restricted stock units are fully vested on March 11, 2024 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.
Documents
Issuer
READING INTERNATIONAL INC
CIK 0000716634
Entity typeother
Related Parties
1- filerCIK 0001672000
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 4:25 PM ET
- Size
- 8.9 KB