Rey Perez - Dec 11, 2023 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC President & COO
Signature
Rey Perez
Stock symbol
NWLI
Transactions as of
Dec 11, 2023
Transactions value $
-$1,765,742
Form type
4
Date filed
12/13/2023, 02:40 PM
Previous filing
Dec 16, 2022
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWLI Class A Common Stock Options Exercise $0 +332 +301.82% $0.00 442 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$159K -332 -75.11% $480.32 110 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise $105K +500 +454.55% $210.22 610 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$241K -500 -81.97% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $63K +291 +264.55% $216.48 401 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$140K -291 -72.57% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $66.3K +213 +193.64% $311.16 323 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$103K -213 -65.94% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $66.2K +198 +180% $334.34 308 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$95.3K -198 -64.29% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $114K +375 +340.91% $303.77 485 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$181K -375 -77.32% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $290K +1.15K +1041.82% $252.91 1.26K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$552K -1.15K -91.24% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $425K +2.21K +2010.91% $192.10 2.32K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$1.07M -2.21K -95.26% $481.54 110 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $298K +1.37K +1240.91% $218.44 1.48K Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$657K -1.37K -92.54% $481.54 110 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 -332 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 332 Direct F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -500 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 500 $210.22 Direct F3
transaction NWLI Stock Appreciation Rights Options Exercise $0 -291 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 291 $216.48 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -213 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 213 $311.16 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -198 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 198 $334.34 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -375 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 375 $303.77 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -1.15K -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 1.15K $252.91 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -2.21K -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 2.21K $192.10 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -1.37K -33.32% $0.00 2.73K Dec 11, 2023 Class A Common Stock 1.37K $218.44 Direct F4
* 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 500 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.
F4 The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.