Jeffery P. Conklin - Jan 29, 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
VP, CFO & Treasurer
Signature
/s/Jeffery P. Conklin
Stock symbol
CIA
Transactions as of
Jan 29, 2024
Transactions value $
-$10,021
Form type
4
Date filed
1/31/2024, 03:50 PM
Previous filing
May 16, 2023
Next filing
Apr 2, 2024

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 +11.8K +10.21% 128K Jan 29, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Tax liability -$10K -3.5K -2.75% $2.86 124K Jan 29, 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 -11.8K -100% $0.00* 0 Jan 29, 2024 Class A Common Stock 11.8K Direct F1, F2
holding CIA Restricted Stock Units 15.7K Jan 29, 2024 Class A Common Stock 15.7K Direct F1, F3
holding CIA Restricted Stock Units 29K Jan 29, 2024 Class A Common Stock 29K 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).