Robert M. Mauldin III - 29 Jan 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
VP, Chief Marketing Officer
Signature
/s/Robert M. Mauldin III
Issuer symbol
CIA
Transactions as of
29 Jan 2024
Net transactions value
-$11,100
Form type
4
Filing time
31 Jan 2024, 15:44:32 UTC
Previous filing
04 Apr 2023
Next filing
02 Apr 2024
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 +11,331 +15% 86,670 29 Jan 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $11,100 -3,881 -4.5% $2.86 82,789 29 Jan 2024 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 -11,331 -100% $0.000000* 0 29 Jan 2024 Class A Common Stock 11,331 Direct F1, F2
holding CIA Restricted Stock Units 12,374 29 Jan 2024 Class A Common Stock 12,374 Direct F1, F3
holding CIA Restricted Stock Units 38,005 29 Jan 2024 Class A Common Stock 38,005 Direct F1, F4
* 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 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).
F3 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).
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).