Form 4: Reading International Inc. Executive Tompkins Reports Stock Disposal for Tax Obligations

Sidney Craig Tompkins, EVP and General Counsel of Reading International Inc., reports disposing of 26,004 shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 14, 2025, Sidney Craig Tompkins, EVP and General Counsel of Reading International Inc., filed a Form 4.
• The form reports the disposition of 26,004 shares of Class A Non-Voting Common Stock at a price of $1.32.
• 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 11, 2024, and April 18, 2024 and the deferred delivery of the underlying Class A Common Stock.
• Following the transaction, Tompkins directly owns 45,766 shares of Class A Non-Voting Common Stock.
• Tompkins also indirectly owns 55,825 shares of Class A Non-Voting Common Stock through various retirement accounts.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions 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 related to stock vesting.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates