Ross R. Moody - Dec 14, 2022 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 14, 2022
Transactions value $
-$77,875
Form type
4
Date filed
12/16/2022, 06:01 PM
Previous filing
Jun 22, 2022
Next filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWLI Class A Common Stock Options Exercise $0 +353 +3.92% $0.00 9.35K Dec 14, 2022 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$77.9K -353 -3.77% $220.61 9K Dec 14, 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 NWLI Restricted Stock Units Options Exercise $0 +353 $0.00* 0 Dec 14, 2022 Class A Common Stock 353 Direct F2
transaction NWLI Restricted Stock Units Award $0 +4.43K $0.00 4.43K Dec 14, 2022 Class A Common Stock 4.43K Direct F1, F3
transaction NWLI Stock Appreciation Rights Award $0 +73.8K $0.00 73.8K Dec 14, 2022 Class A Common Stock 73.8K $220.61 Direct F4
* 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.
F3 The restricted stock units have a three year cliff vesting schedule that begins on the grant date. The restricted stock units will vest 100% on the third anniversary from the grant date.
F4 The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.