0001140361-24-018904.txt : 20240409 0001140361-24-018904.hdr.sgml : 20240409 20240409171254 ACCESSION NUMBER: 0001140361-24-018904 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240405 FILED AS OF DATE: 20240409 DATE AS OF CHANGE: 20240409 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Avanes Gilbert CENTRAL INDEX KEY: 0001672000 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08625 FILM NUMBER: 24833525 MAIL ADDRESS: STREET 1: 5236 MARYLAND AVE CITY: LA CRESCENTA STATE: CA ZIP: 91214 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: READING INTERNATIONAL INC CENTRAL INDEX KEY: 0000716634 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE THEATERS [7830] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 953885184 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5995 SEPULVEDA BOULEVARD STREET 2: SUITE 300 CITY: CULVER CITY STATE: CA ZIP: 90230 BUSINESS PHONE: 213 235 2240 MAIL ADDRESS: STREET 1: 5995 SEPULVEDA BOULEVARD STREET 2: SUITE 300 CITY: CULVER CITY STATE: CA ZIP: 90230 FORMER COMPANY: FORMER CONFORMED NAME: CITADEL HOLDING CORP DATE OF NAME CHANGE: 19941216 4 1 form4.xml FORM 4 X0508 4 2024-04-05 0000716634 READING INTERNATIONAL INC RDI 0001672000 Avanes Gilbert 189 SECOND AVENUE SUITE 2S NEW YORK NY 10003 true EVP, CFO & Treasurer false Class A Non-Voting Common Stock 2024-04-05 4 M 0 10825 A 61441 D Restricted Stock Units 2024-04-05 4 M 0 10825 0 D Class A Non-Voting Common Stock 10825 5677 D Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non Voting Common Stock upon vesting of the unit. As previously reported, a total of 30,280 restricted stock units were granted on April 5, 2021 pursuant to the Company's 2020 Stock Incentive Plan. Of that amount, (i) 22,710 restricted stock units vest in four equal annual installments commencing on April 5, 2022, April 5, 2023, April 5, 2024 and April 5, 2025 and (ii) 7,570 performance based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, April 5, 2024 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, 2021, such determination to be made before March 10, 2022 and (2) two thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2022 and 2023) 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, 2024 the percentage of the PRSU Criteria which has been met for the calendar years 2022 and 2023. On March 9, 2022, the Committee determined and certified that the reporting 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. 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. 10,825 restricted stock units are fully vested on April 5, 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. /s/ Gilbert Avanes 2024-04-09