Martinez Carlos A 4
4 · National Western Life Group, Inc. · Filed Dec 13, 2023
Insider Transaction Report
Form 4
Martinez Carlos A
NWLIC Sr VP - Intl Mktg
Transactions
- Exercise/Conversion
Class A Common Stock
2023-12-11$480.32/sh−63$30,260→ 0 total - Disposition to Issuer
Class A Common Stock
2023-12-11$481.54/sh−1,000$481,540→ 0 total - Exercise/Conversion
Class A Common Stock
2023-12-11+63→ 63 total - Exercise/Conversion
Class A Common Stock
2023-12-11$210.22/sh+1,000$210,220→ 1,000 total - Exercise/Conversion
Stock Appreciation Rights
2023-12-11−1,000→ 0 totalExercise: $210.22From: 2014-12-11Exp: 2023-12-11→ Class A Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
2023-12-11−63→ 0 totalFrom: 2023-12-09Exp: 2023-12-09→ Class A Common Stock (63 underlying)
Footnotes (3)
- [F1]The Restricted Stock Unit vested in full on December 9, 2023, and without any action or discretion by the Reporting Person he received a cash payment equal to the value of the shares on the vesting date.
- [F2]Each restricted stock unit represents a contingent right to receive the cash value of one share of NWLIC Class A common stock based on the 20 day average of the Class A common stock leading up to and including the date exercisable.
- [F3]The exercised SARs were scheduled to expire on December 11, 2023, in accordance with the original terms of the grant of those SARs.