4//SEC Filing
Avanes Gilbert 4
Accession 0001415889-25-011173
CIK 0000716634other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 7:09 PM ET
Size
9.3 KB
Accession
0001415889-25-011173
Insider Transaction Report
Form 4
Avanes Gilbert
EVP, CFO & Treasurer
Transactions
- Exercise/Conversion
Class A Non-Voting Common Stock
2025-04-18+8,768→ 105,365 total - Exercise/Conversion
Restricted Stock Units
2025-04-18−8,768→ 20,459 total→ Class A Non-Voting Common Stock (8,768 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 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 commencing 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 the third anniversary of the Date of Grant, April 18, 2025; 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, 2022, such determination to be made before March 10, 2023;
- [F3]and (2) two-thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2023 and 2024) 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, 2025 the percentage of the PRSU Criteria which has been met for the calendar years 2023 and 2024. 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. 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. The Committee will be making a determination as to whether the reporting person has met the PRSU Criteria for the year ended December 31, 2024 shortly.
- [F4]8,768 restricted stock units are fully vested on April 18, 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 21, 8:00 PM ET
- Accepted
- Apr 22, 7:09 PM ET
- Size
- 9.3 KB