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

Role
President
Signature
/s/Jon Stenberg
Stock symbol
CIA
Transactions as of
Mar 28, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 05:47 PM
Previous filing
Mar 20, 2024
Next filing
Jul 12, 2024

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 Award $0 +60.9K $0.00 60.9K Mar 28, 2024 Class A Common Stock 60.9K Direct F1, F3
holding CIA Restricted Stock Units 136K Mar 28, 2024 Class A Common Stock 136K Direct F1, F2
* 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 March 18, 2024, 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 18, 2025) and the second anniversary of the date of the grant (March 18, 2026) and the third anniversary of the date of the grant (March 18, 2027).
F3 On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 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).