Bryon Matthew Lewis - 02 Aug 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
VP, Operations
Signature
/s/Bryon Matthew Lewis
Issuer symbol
CIA
Transactions as of
02 Aug 2024
Net transactions value
-$1,231
Form type
4
Filing time
19 Aug 2024, 15:46:30 UTC
Previous filing
17 Jul 2024
Next filing
05 Nov 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 $494 +185 +5.3% $2.67 3,667 02 Aug 2024 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +2,625 +72% 6,292 15 Aug 2024 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $1,725 -616 -9.8% $2.80 5,676 15 Aug 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 -2,625 -33% $0.000000 5,251 15 Aug 2024 Class A Common Stock 2,625 Direct F2, F3
holding CIA Restricted Stock Units 1,032 02 Aug 2024 Class A Common Stock 1,032 Direct F2, F4
holding CIA Restricted Stock Units 1,278 02 Aug 2024 Class A Common Stock 1,278 Direct F2, F5
holding CIA Restricted Stock Units 7,763 02 Aug 2024 Class A Common Stock 7,763 Direct F2, F6
holding CIA Restricted Stock Units 14,019 02 Aug 2024 Class A Common Stock 14,019 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 monthly payroll deduction.
F2 Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F3 On August 15, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (August 15, 2024) and the second anniversary date of the grant (August 15, 2025) and the third anniversary date of the grant (August 15, 2026)
F4 On November 1, 2021, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (November 1, 2022) and the second anniversary date of the grant (November 1, 2023) and the third anniversary date of the grant (November 1, 2024)
F5 On July 15, 2022, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (July 15, 2023) and the second anniversary date of the grant (July 15, 2024) and the third anniversary date of the grant (July 15, 2025)
F6 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).
F7 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).