Steven John Lucas - Mar 11, 2024 Form 4 Insider Report for READING INTERNATIONAL INC (RDI)

Role
VP, Controller & CAO
Signature
/s/ Steve J. Lucas
Stock symbol
RDI
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 07:34 PM
Previous filing
Apr 20, 2023
Next filing
Apr 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDI Class A Non-Voting Common Stock Options Exercise +2.87K +10.81% 29.5K Mar 11, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDI Restricted Stock Units Options Exercise $0 -2.87K -100% $0.00* 0 Mar 11, 2024 Class A Non-Voting Common Stock 2.87K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 15,331 restricted stock units were granted on March 10, 2020 pursuant to the Company's 2010 Stock Incentive Plan. Of that amount, (i) 11,499 restricted stock units vest in four equal annual installments commencing on March 10, 2021, March 10, 2022, March 10, 2023, and March 11, 2024; and (ii) 3,832 performance based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, March 10, 2023; provided that (a) the reporting person has not undergone a termination of her 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, 2020, such determination to be made before March 10, 2021;
F3 and (2) two thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2021 and 2022) 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, 2023 the percentage of the PRSU Criteria which has been met for the calendar years 2021 and 2022. On March 9, 2022, the Committee determined and certified that the report person met 100% of the PRSU criteria for the year ended December 31, 2021. 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. The reporting person previously reported all 15,331 restricted stock units (including 3,832 PRSUs) in Table II of Form 4 dated March 12, 2020.