Kitty Kennedy Nelson - 13 Dec 2021 Form 4 Insider Report for National Western Life Group, Inc.

Role: NWLIC Director, Director
Signature: Kitty Kennedy Nelson
Issuer symbol: N/A
Transactions as of: 13 Dec 2021
Net transactions value: -$49,134
Form type: 4
Filing time: 14 Dec 2021, 14:50:49 UTC
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	+228		$0.000000	228	13 Dec 2021	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	$49,134	-228	-100%	$215.50	0	13 Dec 2021	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	+228		$0.000000^*	0	13 Dec 2021	Class A Common Stock	228		Direct	F2

* 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 12, 2021, 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.