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

Role
VP, CFO & Treasurer
Signature
/s/Jeffery P. Conklin
Stock symbol
CIA
Transactions as of
Mar 31, 2023
Transactions value $
-$7,090
Form type
4
Date filed
4/4/2023, 05:42 PM
Previous filing
Jan 31, 2023
Next filing
May 16, 2023

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 +7.85K +8.19% 104K Mar 31, 2023 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Tax liability -$7.09K -1.91K -1.84% $3.71 102K Mar 31, 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 -7.85K -33.33% $0.00 15.7K Mar 31, 2023 Class A Common Stock 7.85K Direct F1, F2
transaction CIA Restricted Stock Units Award $0 +29K $0.00 29K Mar 31, 2023 Class A Common Stock 29K Direct F1, F4
holding CIA Restricted Stock Units 11.8K Mar 31, 2023 Class A Common Stock 11.8K 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).