COTTER MARGARET 4
4 · READING INTERNATIONAL INC · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
RDI 10% Owner Margaret Cotter Receives 33,472 Shares
What Happened
Margaret Cotter, a reported 10% owner of Reading International, had restricted stock units (RSUs) convert into a total of 33,472 shares of Class A Non‑Voting Common Stock. The filing shows conversions/settlements on April 18, 2026 (8,768 RSUs) and April 21, 2026 (24,704 RSUs). Each conversion is reported with $0 paid (the filing shows acquisition and corresponding $0 disposition entries), meaning these were vestings/settlements of previously granted RSUs rather than open‑market purchases or cash option exercises.
Key Details
- Transaction dates and amounts:
- April 18, 2026 — 8,768 RSUs converted to shares (reported as derivative M, $0).
- April 21, 2026 — 24,704 RSUs converted to shares (reported as derivative M, $0).
- Total shares converted: 33,472 shares.
- Price/consideration: $0 reported on the disposition lines — reflects settlement of RSUs (no cash paid).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Each RSU represents the right to one Class A share on vesting.
- F3 & F5: The 8,768 and 24,704 RSUs were fully vested on the respective dates; underlying shares will be delivered according to Cotter’s irrevocable deferral election.
- Earlier grant schedules (F2, F4) describe original grant and vesting schedules (2022 and 2023 grants), including performance RSUs subject to committee certification.
- Timeliness: Filing date Apr 21, 2026; no late filing flag indicated in the report.
Context
These filings reflect RSU vesting/settlement (derivative conversion) rather than a market buy or sale. There was no immediate sale reported — shares are being delivered per a deferral election — so this is a routine vesting/settlement event for a 10% owner, not necessarily a directional market signal.
Insider Transaction Report
- Exercise/Conversion
Class A Non-Voting Common Stock
[F1]2026-04-18+8,768→ 850,378 total - Exercise/Conversion
Class A Non-Voting Common Stock
[F1]2026-04-21+24,704→ 875,082 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-04-18−8,768→ 0 total→ Class A Non-Voting Common Stock (8,768 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-04-21−24,704→ 11,390 total→ Class A Non-Voting Common Stock (24,704 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 46,763 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 35,072 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) 11,691 performance-based restricted stock units (PRSU) vest on April 18, 2025 based on the Compensation and Stock Option Committee certification of the performance level achieved.
- [F3]8,768 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 71,052 restricted stock units were granted on April 21, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 45,561 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) 10,304 restricted stock units fully vested on April 21, 2024, and (iii) 15,187 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]24,704 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.