Charles D. Milos - Jul 9, 2024 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC Sr VP - Loans & Real Est, Director
Signature
Charles D. Milos
Stock symbol
NWLI
Transactions as of
Jul 9, 2024
Transactions value $
-$572,988
Form type
4
Date filed
7/11/2024, 01:25 PM
Previous filing
Jun 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWLI Class A Common Stock Options Exercise $78.6K +363 +5.31% $216.48 7.2K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$182K -363 -5.04% $500.00 6.84K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Options Exercise $80.6K +259 +3.79% $311.16 7.1K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$130K -259 -3.65% $500.00 6.84K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Options Exercise $80.6K +241 +3.52% $334.34 7.08K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$121K -241 -3.4% $500.00 6.84K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Options Exercise $84.8K +279 +4.08% $303.77 7.12K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$140K -279 -3.92% $500.00 6.84K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Options Exercise $98.1K +388 +5.67% $252.91 7.23K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$194K -388 -5.37% $500.00 6.84K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Options Exercise $144K +749 +10.95% $192.10 7.59K Jul 9, 2024 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$375K -749 -9.87% $500.00 6.84K Jul 9, 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 NWLI Stock Appreciation Rights Options Exercise $0 -363 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 363 $216.48 Direct F1, F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -259 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 259 $311.16 Direct F1, F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -241 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 241 $334.34 Direct F1, F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -279 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 279 $303.77 Direct F1, F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -388 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 388 $252.91 Direct F1, F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -749 -100% $0.00* 0 Jul 9, 2024 Class A Common Stock 749 $192.10 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under the Merger Agreement, at the effective time of the Merger, each SAR became fully vested and was cancelled and converted into the right to receive the excess, if any, of the Merger Consideration over the exercise price of the SAR, without interest, multiplied by the number of shares of Class A Common Stock subject to such award.
F2 The exercise price reflects the weighted average exercise price for the Reporting Person's outstanding SARs.