Tompkins Sidney Craig 4
Research Summary
AI-generated summary
Reading International (RDI) EVP Sidney Tompkins Receives 24,400 Shares
What Happened
- Tompkins Sidney Craig (EVP, General Counsel) had 24,400 restricted stock units (RSUs) fully vest on April 11, 2026 and converted those RSUs into 24,400 shares of Reading International Class A common stock. The Form 4 shows an exercise/conversion of a derivative (code M) for 24,400 shares at $0.00 (no cash proceeds) and a related payment of tax liability/exercise price (code F) tied to the same 24,400 shares. This was a compensation-related vesting/conversion, not an open-market buy or sale.
Key Details
- Transaction date: April 11, 2026; Form 4 filed April 14, 2026 (filed within standard reporting window).
- Derivative conversion (code M): 24,400 shares @ $0.00 — recorded as conversion of RSUs to common shares.
- Tax/withholding entry (code F): 24,400 shares (used to satisfy tax liability or related delivery; amount shown N/A for per-share price).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: Each RSU equals the right to one Class A Non‑Voting Common Stock share upon vesting.
- F2: These RSUs were part of an 81,577-RSU grant on April 11, 2023 with staggered and performance-based vesting; portions vested in prior years.
- F3: 24,400 RSUs fully vested on April 11, 2026 and underlying shares will be delivered per the reporting person’s irrevocable deferral election.
Context
- This filing documents a routine compensation vesting and conversion of RSUs into shares rather than a purchase or sale. The conversion showed $0 proceeds because RSUs convert into shares rather than generating cash; any tax withholding was handled per the deferral/withholding election noted in the footnotes.