Ann M. Moody - 28 Apr 2022 Form 4 Insider Report for National Western Life Group, Inc.

Role: Director
Signature: Ann M. Moody
Issuer symbol: N/A
Transactions as of: 28 Apr 2022
Net transactions value: -$72,760
Form type: 4
Filing time: 02 May 2022, 17:48:10 UTC
Previous filing: 16 Dec 2021
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	+353		$0.000000	353	28 Apr 2022	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	$72,760	-353	-100%	$206.12	0	28 Apr 2022	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	+353		$0.000000^*	0	28 Apr 2022	Class A Common Stock	353		Direct	F2, 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	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 Restricted Stock Unit vested in full upon death on April 28, 2022, and without any action or discretion by the Reporting Person. S/he will receive a cash payment equal to the value of the shares on the vesting date.