Sheryl L. Kinlaw - 05 Jan 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
Chief Legal Officer
Signature
/s/Sheryl Kinlaw, Chief Legal Officer
Issuer symbol
CIA
Transactions as of
05 Jan 2024
Net transactions value
-$2,940
Form type
4
Filing time
02 Apr 2024, 17:36:38 UTC
Previous filing
25 Jan 2024
Next filing
02 Jul 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 Small acquisition under Rule 16a-6 $492 +174 +0.88% $2.83 19,906 05 Jan 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $492 +193 +0.97% $2.55 20,099 19 Jan 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $493 +178 +0.88% $2.77 20,277 09 Feb 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $493 +183 +0.9% $2.70 20,460 23 Feb 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $492 +200 +0.98% $2.46 20,660 08 Mar 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $491 +235 +1.1% $2.09 20,895 22 Mar 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +3,171 +15% 24,066 31 Mar 2024 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $1,592 -744 -3.1% $2.14 23,322 31 Mar 2024 Direct
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +8,535 +37% 31,857 31 Mar 2024 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $4,301 -2,010 -6.3% $2.14 29,847 31 Mar 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 -3,171 -50% $0.000000 3,171 31 Mar 2024 Class A Common Stock 3,171 Direct F2, F3
transaction CIA Restricted Stock Units Options Exercise $0 -8,535 -33% $0.000000 17,071 31 Mar 2024 Class A Common Stock 8,535 Direct F2, F4
transaction CIA Restricted Stock Units Award $0 +45,518 $0.000000 45,518 28 Mar 2024 Class A Common Stock 45,518 Direct F2, F5
transaction CIA Restricted Stock Units Award $0 +32,710 $0.000000 32,710 28 Mar 2024 Class A Common Stock 32,710 Direct F2, F6
holding CIA Restricted Stock Units 8,000 05 Jan 2024 Class A Common Stock 8,000 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)