Natalie U. Anderson - Dec 12, 2022 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role: NWLIC - SVP - CIO
Signature: Natalie U. Anderson
Stock symbol: NWLI
Transactions as of: Dec 12, 2022
Transactions value $: -$18,969
Form type: 4
Date filed: 12/15/2022, 05:58 PM
Previous filing: Dec 16, 2021
Next 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	+89		$0.00	89	Dec 12, 2022	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	-$19K	-89	-100%	$213.13	0	Dec 12, 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	Award	$0	+62		$0.00^*	0	Dec 12, 2022	Class A Common Stock	62		Direct	F2

* 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.