Robert M. Mauldin III - 28 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
VP, Chief Marketing Officer
Signature
/s/Robert M. Mauldin III
Issuer symbol
CIA
Transactions as of
28 Mar 2025
Net transactions value
$0
Form type
4
Filing time
01 Apr 2025, 17:05:44 UTC
Previous filing
02 Apr 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 Options Exercise +19,130 +20% 115,315 28 Mar 2025 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +10,903 +9.5% 126,218 28 Mar 2025 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +6,187 +4.9% 132,405 31 Mar 2025 Direct F3
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +12,668 +9.6% 145,073 31 Mar 2025 Direct F4

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 -19,310 -34% $0.000000 38,081 28 Mar 2025 Class A Common Stock 19,310 Direct F1, F5
transaction CIA Restricted Stock Units Options Exercise $0 -10,903 -33% $0.000000 21,807 28 Mar 2025 Class A Common Stock 10,903 Direct F2, F5
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise $0 -6,187 -100% $0.000000 0 31 Mar 2025 Class A Common Stock 6,187 Direct F3, F5
transaction CIA Restricted Stock Units Options Exercise $0 -12,668 -50% $0.000000 12,649 31 Mar 2025 Class A Common Stock 12,668 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 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).
F3 On March 31, 2022, the reporting person was granted an award of restricted stock units, 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 restricted stock units, 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 Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.