Carlos A. Martinez - Dec 14, 2022 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC Sr VP - Fn Natl Dist
Signature
Carlos A. Martinez
Stock symbol
NWLI
Transactions as of
Dec 14, 2022
Transactions value $
$0
Form type
4
Date filed
12/16/2022, 05:33 PM
Previous filing
Dec 15, 2022
Next filing
Dec 13, 2023

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 Award $0 +56 $0.00 56 Dec 14, 2022 Class A Common Stock 56 Direct F1, F2
transaction NWLI Stock Appreciation Rights Award $0 +933 $0.00 933 Dec 14, 2022 Class A Common Stock 933 $220.61 Direct F3
* 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 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.
F3 The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.