Sheryl L. Kinlaw - 05 Apr 2024 Form 4 Insider Report for CITIZENS, INC. (CIA)

Reporting relationship: Chief Legal Officer
Issuer ticker: CIA
Reported as of: 05 Apr 2024
Net transaction value: -$2,640
SEC form: 4
Accepted by SEC: 02 Jul 2024, 16:39:54 UTC
Prior SEC filing: 02 Apr 2024
Next SEC filing: 10 Oct 2024
Source filing: View source filing
Reporting owner signature: /s/Sheryl Kinlaw, Chief Legal Officer

Key filing fact

Sheryl L. Kinlaw filed Form 4 for CITIZENS, INC. (CIA) on 02 Jul 2024.

Key facts

This page summarizes Sheryl L. Kinlaw's Form 4 filing for CITIZENS, INC. (CIA).
9 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 02 Jul 2024, 16:39.

Change

Previous filing in this sequence was filed on 02 Apr 2024.
Current net transaction value: -$2,640.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $491
Shares: +231
Change %: +0.77%
Price: $2.13
Shares after: 30,077
Date: 05 Apr 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $490
Shares: +237
Change %: +0.79%
Price: $2.07
Shares after: 30,314
Date: 19 Apr 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $492
Shares: +201
Change %: +0.66%
Price: $2.45
Shares after: 30,515
Date: 10 May 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $492
Shares: +176
Change %: +0.58%
Price: $2.80
Shares after: 30,690
Date: 24 May 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $493
Shares: +168
Change %: +0.55%
Price: $2.94
Shares after: 30,858
Date: 07 Jun 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $492
Shares: +162
Change %: +0.52%
Price: $3.04
Shares after: 31,020
Date: 21 Jun 2024
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +8,000
Change %: +26%
Price
Shares after: 39,020
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F2

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $5,591
Shares: -1,948
Change %: -5%
Price: $2.87
Shares after: 37,072
Date: 01 Jul 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -8,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Jul 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,000
Exercise price
Footnotes: F2, F3

CIA holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,171
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,171
Exercise price
Footnotes: F2, F4

CIA holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 17,071
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 17,071
Exercise price
Footnotes: F2, F5

CIA holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 45,518
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 45,518
Exercise price
Footnotes: F2, F6

CIA holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 32,710
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 32,710
Exercise price
Footnotes: F2, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular contribution.

Footnote F2

Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

Footnote F3

On July 1, 2021, the reporting person was granted an award of restricted stock units (RSUs), vesting in three equal annual installments on the first anniversary date of the grant (July 1, 2022) and the second anniversary date of the grant (July 1, 2023) and the third anniversary date of the grant (July 1, 2024)

Footnote F4

On March 31, 2022, the reporting person was granted an award of RSUs, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2023) and the second anniversary of the date of the grant (March 31, 2024) and the third anniversary of the date of the grant (March 31, 2025).

Footnote F5

On March 31, 2023, the reporting person was granted an award of RSUs, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).

Footnote F6

On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).

Footnote F7

On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).

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