Russell S. Moody - 20 Jun 2023 Form 4 Insider Report for National Western Life Group, Inc.

Role: Advisory Director
Signature: Russell S. Moody by Moody National Bank as Attorney-in-Fact, by John Smith, its EVP - Senior Trust Officer
Issuer symbol: N/A
Transactions as of: 20 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Jun 2023, 15:16:34 UTC
Previous filing: 16 Dec 2022
Next filing: 26 Jun 2023
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	$0	+371	+20%	$0.000000	2,221	20 Jun 2023	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	$0	-371	-17%	$0.000000	1,850	20 Jun 2023	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	NWLI	Restricted Stock Units	Options Exercise	$0	-371	-100%	$0.000000^*	0	20 Jun 2023	Class A Common Stock	371		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive the cash value of one share of NWLIC Class A common stock based on the 20 day average of the Class A common stock leading up to and including the date exercisable.
F2	Each restricted stock unit represents a contingent right to receive, with no additional consideration payable, the cash value of one share of NWLI Class A common stock on the Date Exercisable.