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CITIZENS, INC. — Director's Dealing 2024
Apr 2, 2024
33432_dirs_2024-04-02_0725afa2-393c-4bf0-a8d1-b9147e8c8696.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2024-03-28
Reporting Person: Shields Gerald (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-31 | Citizens, Inc. Class A Common Stock | M | 21112 | — | Acquired | 189836.2871 | Direct |
| 2024-03-31 | Citizens, Inc. Class A Common Stock | F | 5141 | $2.14 | Disposed | 184695.2871 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-31 | Restricted Stock Units | $ | M | 21112 | Disposed | Class A Common Stock (21112) | Direct | |
| 2024-03-28 | Restricted Stock Units | $ | A | 75845 | Acquired | Class A Common Stock (75845) | Direct | |
| 2024-03-28 | Restricted Stock Units | $ | A | 46729 | Acquired | Class A Common Stock (46729) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F2: On March 31, 2023, the reporting person was granted an award of restricted stock units (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).
F3: 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).
F4: 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).