4//SEC Filing
Avanes Gilbert 4
Accession 0001415889-25-010604
CIK 0000716634other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 2:30 PM ET
Size
9.0 KB
Accession
0001415889-25-010604
Insider Transaction Report
Form 4
Avanes Gilbert
EVP, CFO & Treasurer
Transactions
- Exercise/Conversion
Class A Non-Voting Common Stock
2025-04-11+11,250→ 96,597 total - Exercise/Conversion
Restricted Stock Units
2025-04-11−11,250→ 37,500 total→ Class A Non-Voting Common Stock (11,250 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 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 commencing on April 11, 2024, April 11, 2025, April 11, 2026 and April 11, 2027; (ii) 21,577 restricted stock units will fully vest on April 11, 2024; and (iii) 15,000 performance-based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, April 11, 2026; provided that (a) the reporting person has not undergone a termination of his 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, 2023, such determination to be made before March 10, 2024;
- [F3]and (2) two-thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2024 and 2025) 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, 2026 the percentage of the PRSU Criteria which has been met for the calendar years 2024 and 2025. On April 5, 2024, the Committee determined and certified that the reporting person met 89% of PRSU criteria for the year ended December 31, 2023.
- [F4]11,250 restricted stock units are fully vested on April 11, 2025 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
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 2:30 PM ET
- Size
- 9.0 KB