Chad J. Tope - Dec 7, 2023 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC - EVP CMO
Signature
Chad J. Tope
Stock symbol
NWLI
Transactions as of
Dec 7, 2023
Transactions value $
-$802,689
Form type
4
Date filed
12/11/2023, 06:59 PM
Previous filing
Dec 16, 2022
Next filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWLI Class A Common Stock Options Exercise $193K +764 $252.91 764 Dec 7, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $189K +983 +128.66% $192.10 1.75K Dec 7, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $194K +886 +50.72% $218.44 2.63K Dec 7, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$1.27M -2.63K -100% $483.15 0 Dec 7, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $0 +221 $0.00 221 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$106K -221 -100% $480.32 0 Dec 11, 2023 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 Stock Appreciation Rights Options Exercise $0 -764 -100% $0.00* 0 Dec 7, 2023 Class A Common Stock 764 $252.91 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -983 -66.64% $0.00 492 Dec 7, 2023 Class A Common Stock 983 $192.10 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -886 -33.32% $0.00 1.77K Dec 7, 2023 Class A Common Stock 886 $218.44 Direct
transaction NWLI Restricted Stock Units Options Exercise $0 -221 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 221 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 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.