Harvey J. Waite - 03 Jan 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role
Chief Actuary
Signature
/s/Harvey J. Waite
Issuer symbol
CIA
Transactions as of
03 Jan 2025
Net transactions value
-$39,087
Form type
4
Filing time
01 Apr 2025, 17:15:17 UTC
Previous filing
22 Jan 2025
Next filing
09 Jul 2025
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 $2,484 +531 +1% $4.68 52,398 03 Jan 2025 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $2,486 +497 +0.95% $5.00 52,895 31 Jan 2025 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Small acquisition under Rule 16a-6 $2,485 +497 +0.94% $5.00 53,392 28 Feb 2025 Direct F1
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +15,070 +28% 68,462 28 Mar 2025 Direct F2
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $20,005 -4,293 -6.3% $4.66 64,169 28 Mar 2025 Direct
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +6,853 +11% 71,022 28 Mar 2025 Direct F3
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $9,096 -1,952 -2.7% $4.66 69,070 28 Mar 2025 Direct
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +5,688 +8.2% 74,758 31 Mar 2025 Direct F4
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $7,376 -1,621 -2.2% $4.55 73,137 31 Mar 2025 Direct
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +7,762 +11% 80,899 31 Mar 2025 Direct F5
transaction CIA Citizens, Inc. Class A Common Stock Tax liability $10,065 -2,212 -2.7% $4.55 78,687 31 Mar 2025 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 -15,070 -33% $0.000000 30,141 28 Mar 2025 Class A Common Stock 15,070 Direct F2, F6
transaction CIA Restricted Stock Units Options Exercise $0 -6,853 -33% $0.000000 13,708 28 Mar 2025 Class A Common Stock 6,853 Direct F3, F6
transaction CIA Restricted Stock Units Options Exercise $0 -5,688 -100% $0.000000 0 31 Mar 2025 Class A Common Stock 5,688 Direct F4, F6
transaction CIA Restricted Stock Units Options Exercise $0 -7,762 -50% $0.000000 7,764 31 Mar 2025 Class A Common Stock 7,762 Direct F5, F6
transaction CIA Restricted Stock Units Award $0 +9,670 $0.000000 9,670 31 Mar 2025 Class A Common Stock 9,670 Direct F6, 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 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).
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).
F4 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).
F5 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).
F6 Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F7 On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).