COTTER MARGARET 4
Research Summary
AI-generated summary
Reading International (RDI) 10% Owner Margaret Cotter Sells 12,108 Shares
What Happened
- Margaret Cotter, a reported 10% owner of Reading International, disposed of 12,108 shares of Class A common stock on 2026-03-13. The shares were withheld at $1.07 per share, producing proceeds of $13,016. The transaction is coded F (shares withheld to cover tax withholding).
Key Details
- Transaction date and price: 2026-03-13, 12,108 shares @ $1.07 each (total $13,016).
- Transaction code: F — shares were withheld by the issuer to satisfy tax withholding obligations.
- Footnote: Shares were withheld to cover tax obligations related to RSU vesting on April 5, April 18, and April 21, 2025, and to cover deferred delivery of the underlying Class A shares.
- Filing timeliness: Report filed 2026-03-17; this filing date is within the required reporting window (timely).
- Shares owned after transaction: Not specified in the provided filing.
Context
- This disposition reflects tax withholding on restricted stock units (RSUs), not an open-market sale to raise cash; it reduces the insider’s outstanding shares only to satisfy tax obligations.
- As a 10% owner, Cotter’s transactions are subject to different reporting thresholds; withholding transactions like this are generally administrative and do not necessarily indicate a change in investment view.