Harvey J. Waite - 03 Jan 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Reporting relationship: Chief Actuary
Issuer ticker: CIA
Reported as of: 03 Jan 2025
Net transaction value: -$39,087
SEC form: 4
Accepted by SEC: 01 Apr 2025, 17:15:17 UTC
Prior SEC filing: 22 Jan 2025
Next SEC filing: 09 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/Harvey J. Waite

Key filing fact

Harvey J. Waite filed Form 4 for CITIZENS, INC. (CIA) on 01 Apr 2025.

Key facts

This page summarizes Harvey J. Waite's Form 4 filing for CITIZENS, INC. (CIA).
16 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 01 Apr 2025, 17:15.

Change

Previous filing in this sequence was filed on 22 Jan 2025.
Current net transaction value: -$39,087.

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: $2,484
Shares: +531
Change %: +1%
Price: $4.68
Shares after: 52,398
Date: 03 Jan 2025
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $2,486
Shares: +497
Change %: +0.95%
Price: $5.00
Shares after: 52,895
Date: 31 Jan 2025
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Small acquisition under Rule 16a-6

Transaction value: $2,485
Shares: +497
Change %: +0.94%
Price: $5.00
Shares after: 53,392
Date: 28 Feb 2025
Ownership: Direct
Footnotes: F1

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +15,070
Change %: +28%
Price
Shares after: 68,462
Date: 28 Mar 2025
Ownership: Direct
Footnotes: F2

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $20,005
Shares: -4,293
Change %: -6.3%
Price: $4.66
Shares after: 64,169
Date: 28 Mar 2025
Ownership: Direct

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +6,853
Change %: +11%
Price
Shares after: 71,022
Date: 28 Mar 2025
Ownership: Direct
Footnotes: F3

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $9,096
Shares: -1,952
Change %: -2.7%
Price: $4.66
Shares after: 69,070
Date: 28 Mar 2025
Ownership: Direct

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +5,688
Change %: +8.2%
Price
Shares after: 74,758
Date: 31 Mar 2025
Ownership: Direct
Footnotes: F4

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $7,376
Shares: -1,621
Change %: -2.2%
Price: $4.55
Shares after: 73,137
Date: 31 Mar 2025
Ownership: Direct

CIA transaction

Citizens, Inc. Class A Common Stock

Options Exercise

Transaction value
Shares: +7,762
Change %: +11%
Price
Shares after: 80,899
Date: 31 Mar 2025
Ownership: Direct
Footnotes: F5

CIA transaction

Citizens, Inc. Class A Common Stock

Tax liability

Transaction value: $10,065
Shares: -2,212
Change %: -2.7%
Price: $4.55
Shares after: 78,687
Date: 31 Mar 2025
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: -15,070
Change %: -33%
Price: $0.000000
Shares after: 30,141
Date: 28 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 15,070
Exercise price
Footnotes: F2, F6

CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -6,853
Change %: -33%
Price: $0.000000
Shares after: 13,708
Date: 28 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,853
Exercise price
Footnotes: F3, F6

CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,688
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 31 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,688
Exercise price
Footnotes: F4, F6

CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,762
Change %: -50%
Price: $0.000000
Shares after: 7,764
Date: 31 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,762
Exercise price
Footnotes: F5, F6

CIA transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +9,670
Change %
Price: $0.000000
Shares after: 9,670
Date: 31 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 9,670
Exercise price
Footnotes: F6, 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 monthly payroll deduction.

Footnote F2

On March 28, 2024, the reporting person was granted an award of restricted stock units (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 F3

On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 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).

Footnote F4

On March 31, 2022, the reporting person was granted an award of restricted stock units, 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 restricted stock units, 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

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

Footnote F7

On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).