Form 4 for CIA CITIZENS, INC.
Accepted 2025-04-02 00:00:00 ET · period of report 2025-03-31 · accession 0000024090-25-000041 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-04-02 | 2025-03-31 | CIA | Shields Gerald | Dir | M - OptEx | — | +27.5K | 303.9K | +10% | — |
| D | 2025-04-02 | 2025-03-31 | CIA | Shields Gerald | Dir | M - OptEx | $0.00 | -27.5K | 0 | -100% | $0 |
| D | 2025-04-02 | 2025-03-31 | CIA | Shields Gerald | Dir | A - Grant | $0.00 | +27.5K | 27.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Citizens, Inc. Class A Common Stock | 2025-03-31 | M | A | 27,472 | — | 303,942.96 | D | — | — | (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. |
| 2 | Derivative | Restricted Stock Units | 2025-03-31 | M | D | 27,472 | $0.00 | 0 | D | — · — to — | 27,472 Class A Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. (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. |
| 3 | Derivative | Restricted Stock Units | 2025-03-31 | A | A | 27,472 | $0.00 | 27,472 | D | — · — to — | 27,472 Class A Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. (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. |