Charles D. Milos - 13 Dec 2021 Form 4 Insider Report for National Western Life Group, Inc.

Role: NWLIC Sr VP - Loans & Real Est, Director
Signature: Charles D. Milos
Issuer symbol: N/A
Transactions as of: 13 Dec 2021
Net transactions value: -$33,176
Form type: 4
Filing time: 15 Dec 2021, 13:00:35 UTC
Previous filing: 13 Dec 2021
Next filing: 16 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWLI	Class A Common Stock	Options Exercise	$53,024	+400		$132.56	400	13 Dec 2021	Direct
transaction	NWLI	Class A Common Stock	Disposed to Issuer	$86,200	-400	-100%	$215.50	0	13 Dec 2021	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	NWLI	Stock Appreciation Rights	Options Exercise	$0	-400	-100%	$0.000000^*	0	13 Dec 2021	Class A Common Stock	400	$132.56	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The SARs are exercisable as they vest. The SARs vest in five equal annual installments beginning on the Date Exercisable.
F2	The reporting person exercised these SARs because they expire on 12/14/21.