Ross R. Moody - Dec 11, 2023 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 11, 2023
Transactions value $
-$4,687,492
Form type
4
Date filed
12/13/2023, 01:16 PM
Previous filing
Jun 26, 2023
Next 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 $0 +3.1K +34.42% $0.00 12.1K Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$1.49M -3.1K -25.61% $480.32 9K Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise $1.26M +6K +66.67% $210.22 15K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$2.89M -6K -40% $481.54 9K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $1.28M +5.93K +65.88% $216.48 14.9K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$2.86M -5.93K -39.71% $481.54 9K Dec 11, 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 -3.1K -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 3.1K Direct F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -6K -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 6K $210.22 Direct F3
transaction NWLI Stock Appreciation Rights Options Exercise $0 -5.93K -66.67% $0.00 2.96K Dec 11, 2023 Class A Common Stock 5.93K $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.