Form 4 for RDI READING INTERNATIONAL INC
Accepted 2024-04-15 00:00:00 ET · period of report 2024-04-11 · accession 0001140361-24-019881 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-04-15 | 2024-04-11 | RDI | Tompkins Sidney Craig | EVP, GC | M - OptEx | — | +24.9K | 63.0K | +65% | — |
| D | 2024-04-15 | 2024-04-11 | RDI | Tompkins Sidney Craig | EVP, GC | M - OptEx | $0.00 | -24.9K | 33.8K | -42% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Non-Voting Common Stock | 2024-04-11 | M | A | 24,921 | — | 63,002 | D | — | — | (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. |
| 2 | Derivative | Restricted Stock Units | 2024-04-11 | M | D | 24,921 | $0.00 | 33,750 | D | — · — to — | 24,921 Class A Non-Voting Common Stock | (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 73,671 restricted stock units were granted on April 11, 2023 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 45,000 restricted stock units vest in four equal annual installments commencing on April 11, 2024, April 11, 2025, April 11, 2026 and April 11, 2027; (ii) 13,671 restricted stock units will fully vest on April 11, 2024; and (iii) 15,000 performance based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, April 11, 2026; 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, 2023, such determination to be made before March 10, 2024; (F3) and (2) two thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2024 and 2025) 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. The Committee must certify on or before March 10, 2026 the percentage of the PRSU Criteria which has been met for the calendar years 2024 and 2025. 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. (F4) 24,921 restricted stock units are fully vested on April 11, 2024 and the underlying shares of Class A Common Stock in Reading International, Inc. will be delivered to the reporting person in accordance with their irrevocable deferral election. |