Gerald Shields - 31 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Apr 2025, 11:16:07 UTC
Prior SEC filing
02 Jul 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Sheryl Kinlaw, Attorney-in-Fact

Key filing fact

Gerald Shields filed Form 4 for CITIZENS, INC. (CIA) on 02 Apr 2025.

Key facts

  • This page summarizes Gerald Shields's Form 4 filing for CITIZENS, INC. (CIA).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 02 Apr 2025, 11:16.

Change

  • Previous filing in this sequence was filed on 02 Jul 2024.
  • Current net transaction value: $0.

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

Options Exercise

Transaction value
Shares
+27,472
Change %
+9.9%
Price
Shares after
303,943
Date
31 Mar 2025
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

CIA transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+27,472
Change %
Price
$0.000000
Shares after
27,472
Date
31 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
27,472
Exercise price
Footnotes
F1, F2
CIA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-27,472
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
27,472
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

It was previously reported on a Form 4 filed on April 2, 2024 that the reporting person was granted an award of 46,729 RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 long-term incentive. Pursuant to the Amendment to the Executive Employment Agreement for Mr. Shields effective January 1, 2024, he was not entitled to these RSUs and instead, was eligible to earn RSUs based on 2024 pay-for-performance. The original 46,729 RSU grant was voided and these 27,472 RSUs are being awarded and immediately vested pursuant to such contract and achievement of 2024 pay-for-performance goals.

Footnote F2

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

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