Form 4: Reading International Inc. Director Margaret Cotter Reports Disposition of Shares for Tax Obligations

Margaret Cotter, a director at Reading International Inc., reported the disposition of 18,880 shares of Class A Common Stock to cover tax withholding obligations related to vesting of restricted stock units.

Summary

• On March 18, 2025, Margaret Cotter, a director, 10% owner, Chairperson, EVP RE Dev/NY, and member of Sec.13(d)(3) Group at Reading International Inc. (RDI), filed a Form 4.
• The form reports the disposition of 18,880 shares of Class A Non-Voting Common Stock on March 14, 2025, at a price of $1.32 per share.
• These shares were withheld by the issuer to cover tax withholding obligations related to the vesting of restricted stock units on March 10, 2024, April 5, 2024, April 18, 2024, and April 21, 2024, and the deferred delivery of the underlying Class A Common Stock.
• Following the transaction, Cotter beneficially owns 819,972 shares of Class A Non-Voting Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding share disposition for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through share withholding.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the disposition of shares to cover tax obligations, which is a common practice.

Key Dates