Form 4: Reading International Inc. Director Margaret Cotter Reports Stock Unit Vesting
SEC Form 4 Filing
Margaret Cotter, a director at Reading International Inc., reported the vesting of 5,677 Class A Non-Voting Common Stock units on April 7, 2025.
Summary
- On April 7, 2025, Margaret Cotter, a Director, 10% Owner, Officer (Chairperson, EVP RE Dev/NY), and Member of Sec.13(d)(3) Group at Reading International Inc. [RDI], had 5,677 Class A Non-Voting Common Stock units vest.
- These units vested as part of a previous grant of 30,280 restricted stock units on April 5, 2021, under the company's 2020 Stock Incentive Plan.
- The vested units will be delivered to Ms. Cotter according to her deferral election, increasing her direct holdings to 825,649 shares.
- The vesting schedule for the initial grant included annual installments and performance-based criteria assessed by the Compensation and Stock Option Committee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock vesting, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Grant date of 30,280 restricted stock units under the 2020 Stock Incentive Plan. |
| 03/09/2022 | Committee determined and certified that the reporting person met 100% of the PRSU Criteria for the year ended December 31, 2021. |
| 03/09/2023 | Committee determined and certified that the reporting person met 15% of PRSU criteria for the year ended December 31, 2022. |
| 04/05/2024 | Committee determined and certified that the reporting person met 89% of PRSU criteria for the year ended December 31, 2023. |
| 04/07/2025 | Vesting date of 5,677 Class A Non-Voting Common Stock units. |
| 04/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Reading International Inc, Margaret Cotter, Vesting, RDI, Director
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