Gerald Shields - 28 Mar 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Reporting relationship: President & CEO, Director
Issuer ticker: CIA
Reported as of: 28 Mar 2024
Net transaction value: -$11,002
SEC form: 4
Accepted by SEC: 02 Apr 2024, 17:43:14 UTC
Prior SEC filing: 22 Mar 2024
Next SEC filing: 02 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/Gerald W. Shields

Key filing fact

Gerald Shields filed Form 4 for CITIZENS, INC. (CIA) on 02 Apr 2024.

Key facts

This page summarizes Gerald Shields's Form 4 filing for CITIZENS, INC. (CIA).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 02 Apr 2024, 17:43.

Change

Previous filing in this sequence was filed on 22 Mar 2024.
Current net transaction value: -$11,002.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +21,112
Change %: +13%
Price
Shares after: 189,836
Date: 31 Mar 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $11,002
Shares: -5,141
Change %: -2.7%
Price: $2.14
Shares after: 184,695
Date: 31 Mar 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -21,112
Change %: -33%
Price: $0.000000
Shares after: 42,230
Date: 31 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,112
Exercise price
Footnotes: F1, F2

CIA transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +75,845
Change %
Price: $0.000000
Shares after: 75,845
Date: 28 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 75,845
Exercise price
Footnotes: F1, F3

CIA transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +46,729
Change %
Price: $0.000000
Shares after: 46,729
Date: 28 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 46,729
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

Footnote F2

On March 31, 2023, 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, 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).

Footnote F3

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).

Footnote F4

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).