Ross R. Moody - 11 Dec 2023 Form 4 Insider Report for National Western Life Group, Inc.

Role: Chairman & CEO, Director
Signature: Ross R. Moody
Issuer symbol: N/A
Transactions as of: 11 Dec 2023
Net transactions value: -$4,687,492
Form type: 4
Filing time: 13 Dec 2023, 13:16:30 UTC
Previous filing: 26 Jun 2023
Next filing: 25 Jun 2024
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	+3,098	+34%	$0.000000	12,098	11 Dec 2023	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	$1,488,031	-3,098	-26%	$480.32	9,000	11 Dec 2023	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	$1,261,320	+6,000	+67%	$210.22	15,000	11 Dec 2023	Direct
transaction	NWLI	Class A Common Stock	Disposed to Issuer	$2,889,240	-6,000	-40%	$481.54	9,000	11 Dec 2023	Direct
transaction	NWLI	Class A Common Stock	Options Exercise	$1,283,510	+5,929	+66%	$216.48	14,929	11 Dec 2023	Direct
transaction	NWLI	Class A Common Stock	Disposed to Issuer	$2,855,051	-5,929	-40%	$481.54	9,000	11 Dec 2023	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	Restricted Stock Units	Options Exercise	$0	-3,098	-100%	$0.000000^*	0	11 Dec 2023	Class A Common Stock	3,098		Direct	F2
transaction	NWLI	Stock Appreciation Rights	Options Exercise	$0	-6,000	-100%	$0.000000^*	0	11 Dec 2023	Class A Common Stock	6,000	$210.22	Direct	F3
transaction	NWLI	Stock Appreciation Rights	Options Exercise	$0	-5,929	-67%	$0.000000	2,964	11 Dec 2023	Class A Common Stock	5,929	$216.48	Direct

* 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 9, 2023, 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.
F3	The exercised SARs include 6,000 SARs with an exercise price of $210.22 per share that were scheduled to expire on December 11, 2023, in accordance with the original terms of the grant of those SARs.