Jeffery P. Conklin - 31 Mar 2023 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
VP, CFO & Treasurer
Signature
/s/Jeffery P. Conklin
Issuer symbol
CIA
Transactions as of
31 Mar 2023
Net transactions value
-$7,090
Form type
4
Filing time
04 Apr 2023, 17:42:42 UTC
Previous filing
31 Jan 2023
Next filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +7,846 +8.2% 103,693 31 Mar 2023 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $7,090 -1,911 -1.8% $3.71 101,782 31 Mar 2023 Direct

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 CIA Restricted Stock Units Options Exercise $0 -7,846 -33% $0.000000 15,693 31 Mar 2023 Class A Common Stock 7,846 Direct F1, F2
transaction CIA Restricted Stock Units Award $0 +29,004 $0.000000 29,004 31 Mar 2023 Class A Common Stock 29,004 Direct F1, F4
holding CIA Restricted Stock Units 11,816 31 Mar 2023 Class A Common Stock 11,816 Direct F1, 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 a contingent right to receive one share of Citizens, Inc. Class A common stock.
F2 On March 31, 2022, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2023) and the second anniversary of the date of the grant (March 31, 2024) and the third anniversary of the date of the grant (March 31, 2025).
F3 On January 29, 2021, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (January 29, 2022) and the second anniversary of the date of the grant (January 29, 2023) and the third anniversary of the date of the grant (January 29, 2024).
F4 On March 31, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).