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READING INTERNATIONAL INC — Director's Dealing 2025
Apr 28, 2025
34600_dirs_2025-04-28_dcc2cf80-4224-4f8a-b1c1-aeecd153a266.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: READING INTERNATIONAL INC (RDI)
CIK: 0000716634
Period of Report: 2025-04-24
Reporting Person: Lucas Steven John (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-24 | Class A Non-Voting Common Stock | M | 3325 | — | Acquired | 58961 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-24 | Restricted Stock Units | $ | M | 3325 | Disposed | Class A Non-Voting Common Stock (3325) | Direct |
Footnotes
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 19,657 restricted stock units were granted on April 18, 2022 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 14,743 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) 4,914 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. 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. On April 24, 2025, the Committee determined and certified that the reporting person met 99% of PRSU criteria for the year ended December 31, 2024.