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

Role
Director
Signature
/s/Sheryl Kinlaw, Attorney-in-Fact
Issuer symbol
CIA
Transactions as of
31 Mar 2025
Net transactions value
$0
Form type
4
Filing time
02 Apr 2025, 11:16:07 UTC
Previous filing
02 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIA Citizens, Inc. Class A Common Stock Options Exercise +27,472 +9.9% 303,943 31 Mar 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIA Restricted Stock Units Award $0 +27,472 $0.000000 27,472 31 Mar 2025 Class A Common Stock 27,472 Direct F1, F2
transaction CIA Restricted Stock Units Options Exercise $0 -27,472 -100% $0.000000 0 31 Mar 2025 Class A Common Stock 27,472 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.