L. Kinlaw - Jan 5, 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
Chief Legal Officer
Signature
/s/Sheryl Kinlaw, Chief Legal Officer
Stock symbol
CIA
Transactions as of
Jan 5, 2024
Transactions value $
-$2,940
Form type
4
Date filed
4/2/2024, 05:36 PM
Previous filing
Jan 25, 2024
Next filing
Jul 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 Small acquisition under Rule 16a-6 $492 +174 +0.88% $2.83 19.9K Jan 5, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $492 +193 +0.97% $2.55 20.1K Jan 19, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $493 +178 +0.88% $2.77 20.3K Feb 9, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $493 +183 +0.9% $2.70 20.5K Feb 23, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $492 +200 +0.98% $2.46 20.7K Mar 8, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $491 +235 +1.14% $2.09 20.9K Mar 22, 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +3.17K +15.18% 24.1K Mar 31, 2024 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability -$1.59K -744 -3.09% $2.14 23.3K Mar 31, 2024 Direct
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +8.54K +36.6% 31.9K Mar 31, 2024 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability -$4.3K -2.01K -6.31% $2.14 29.8K Mar 31, 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 -3.17K -50% $0.00 3.17K Mar 31, 2024 Class A Common Stock 3.17K Direct F2, F3
transaction CIA Restricted Stock Units Options Exercise $0 -8.54K -33.33% $0.00 17.1K Mar 31, 2024 Class A Common Stock 8.54K Direct F2, F4
transaction CIA Restricted Stock Units Award $0 +45.5K $0.00 45.5K Mar 28, 2024 Class A Common Stock 45.5K Direct F2, F5
transaction CIA Restricted Stock Units Award $0 +32.7K $0.00 32.7K Mar 28, 2024 Class A Common Stock 32.7K Direct F2, F6
holding CIA Restricted Stock Units 8K Jan 5, 2024 Class A Common Stock 8K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular contribution.
F2 Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F3 On March 31, 2022, the reporting person was granted an award of restricted stock units (RSUs), 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 RSUs, 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).
F5 On March 28, 2024, the reporting person was granted an award of restricted stock units (RSUs) under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
F6 On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
F7 On July 1, 2021, the reporting person was granted an award of RSUs, vesting in three equal annual installments on the first anniversary date of the grant (July 1, 2022) and the second anniversary date of the grant (July 1, 2023) and the third anniversary date of the grant (July 1, 2024)