Carlos A. Martinez - Dec 11, 2023 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 11, 2023
Transactions value $
-$301,580
Form type
4
Date filed
12/13/2023, 05:07 PM
Previous filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWLI Class A Common Stock Options Exercise $0 +63 $0.00 63 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$30.3K -63 -100% $480.32 0 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise $210K +1K $210.22 1K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$482K -1K -100% $481.54 0 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 -63 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 63 Direct F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -1K -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 1K $210.22 Direct F3
* 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 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.
F3 The exercised SARs were scheduled to expire on December 11, 2023, in accordance with the original terms of the grant of those SARs.