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CITIZENS, INC. — Director's Dealing 2025
Apr 2, 2025
33432_dirs_2025-04-02_02e25804-3f51-4a30-92ea-5f1840dd30df.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: 2025-03-31
Reporting Person: Shields Gerald (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | Citizens, Inc. Class A Common Stock | M | 27472 | — | Acquired | 303942.9562 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-31 | Restricted Stock Units | $ | A | 27472 | Acquired | Class A Common Stock (27472) | Direct | |
| 2025-03-31 | Restricted Stock Units | $ | M | 27472 | Disposed | Class A Common Stock (27472) | Direct |
Footnotes
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.
F2: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.