Irwin Max Herz Jr - May 2, 2022 Form 4 Insider Report for American National Group Inc (ANAT)

Role
Director, 10%+ Owner
Signature
Irwin M. Herz, Jr., by I. JeLayne Hoffman as Attorney-in-Fact
Stock symbol
ANAT
Transactions as of
May 2, 2022
Transactions value $
-$175,342
Form type
4
Date filed
5/3/2022, 05:20 PM
Previous filing
Feb 28, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANAT Common Stock Options Exercise $0 +927 +5.35% $0.00 18.3K May 2, 2022 Direct F1
transaction ANAT Common Stock Disposed to Issuer -$175K -927 -5.08% $189.15 17.3K May 2, 2022 Direct F1

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 ANAT Restricted Stock Units Options Exercise $0 -927 -100% $0.00* 0 May 2, 2022 Common Stock 927 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of vested restricted stock units solely in cash based upon the unweighted average of the closing prices of the Issuer's common stock on the twenty trading days immediately preceding the vesting date of May 2, 2022. Solely for reporting purposes herein, such settlement is treated as a simultaneous acquisition and disposition of the underlying common stock. No shares of the Issuer's common stock, or any other securities of the Issuer, were issued in settlement of these restricted stock units.
F2 Each restricted stock unit represents a contingent right to receive, upon vesting, cash in an amount equal to the unweighted average of the closing prices of the Issuer's common stock on the twenty trading days immediately preceding the vesting date. No shares of the Issuer's common stock, or any other securities of the Issuer, are issuable in settlement of these restricted stock units.
F3 These restricted stock units vested on May 2, 2022, as described in note 1 above.

Remarks:

Reporting Person is trustee of the Three R Trusts, which as of the date of this filing has direct beneficial ownership of 9,550 shares of Issuer's common stock and indirect beneficial ownership of 11,104,585 shares of Issuer's common stock.