Gina B. Miller - Dec 11, 2023 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC SVP - CLO & Secretary
Signature
Gina B. Miller
Stock symbol
NWLI
Transactions as of
Dec 11, 2023
Transactions value $
-$478,810
Form type
4
Date filed
12/13/2023, 04:41 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 +84 $0.00 84 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$40.3K -84 -100% $480.32 0 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise $31.5K +150 $210.22 150 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$72.2K -150 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $34.6K +160 $216.48 160 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$77K -160 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $53.8K +173 $311.16 173 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$83.3K -173 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $53.8K +161 $334.34 161 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$77.5K -161 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $62.6K +206 $303.77 206 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$99.2K -206 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $73.3K +290 $252.91 290 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$140K -290 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $71.7K +373 $192.10 373 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$180K -373 -100% $481.54 0 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Options Exercise $75.8K +347 $218.44 347 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$167K -347 -100% $481.54 0 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 -84 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 84 Direct F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -150 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 150 $210.22 Direct F3
transaction NWLI Stock Appreciation Rights Options Exercise $0 -160 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 160 $216.48 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -173 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 173 $311.16 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -161 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 161 $334.34 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -206 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 206 $303.77 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -290 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 290 $252.91 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -373 -66.61% $0.00 187 Dec 11, 2023 Class A Common Stock 373 $192.10 Direct
transaction NWLI Stock Appreciation Rights Options Exercise $0 -347 -33.27% $0.00 696 Dec 11, 2023 Class A Common Stock 347 $218.44 Direct
* 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 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.
F3 The exercised SARs include 150 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.