Ross R. Moody - Dec 13, 2021 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role: Chairman & CEO, Director
Signature: Ross R. Moody
Stock symbol: NWLI
Transactions as of: Dec 13, 2021
Transactions value $: -$366,350
Form type: 4
Date filed: 12/14/2021, 03:17 PM
Previous filing: Dec 13, 2021
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWLI	Class A Common Stock	Options Exercise	$0	+1.7K	+42.5%	$0.00	5.7K	Dec 13, 2021	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	-$366K	-1.7K	-29.82%	$215.50	4K	Dec 13, 2021	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	+1.7K		$0.00^*	0	Dec 13, 2021	Class A Common Stock	1.7K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Restricted Stock Unit vested in full on December 12, 2021, and without any action or discretion by the Reporting Person he received a cash payment equal to the value of the shares on the vesting date.
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.