Joseph J. Hathaway - Dec 11, 2023 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role
NWLIC - SVP - CA
Signature
Joseph J. Hathaway
Stock symbol
NWLI
Transactions as of
Dec 11, 2023
Transactions value $
-$98,709
Form type
4
Date filed
12/11/2023, 08:30 PM
Previous filing
Nov 16, 2023
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 +88 $0.00 88 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise -$42.3K -88 -100% $480.32 0 Dec 11, 2023 Direct F1
transaction NWLI Class A Common Stock Options Exercise $37.5K +195 $192.10 195 Dec 11, 2023 Direct
transaction NWLI Class A Common Stock Disposed to Issuer -$93.9K -195 -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 -88 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 88 Direct F2
transaction NWLI Stock Appreciation Rights Options Exercise $0 -195 -100% $0.00* 0 Dec 11, 2023 Class A Common Stock 195 $192.10 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units 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.