Claus Christopher W 4

What Happened

• Claus Christopher W, a director of Citizens, Inc. (CIA), had 12,012 restricted stock units (RSUs) vest on June 17, 2026. The filing reports those RSUs converted to shares and 12,012 shares were disposed with $0.00 reported proceeds. On the same date he received a new grant of 7,042 RSUs (no cash paid).
• No cash value or proceeds are reported for these transactions in the filing. The 12,012 vested RSUs originated from a June 17, 2025 grant that vested on June 17, 2026; the new 7,042-RSU award vests June 17, 2027.

Key Details

• Transaction date: June 17, 2026; Filing date: June 22, 2026.
• Reported actions: conversion/settlement of 12,012 RSUs (M-type) and grant of 7,042 RSUs (A-type).
• Prices/values reported: disposed 12,012 shares at $0.00; new grant 7,042 RSUs at $0.00; no cash proceeds shown.
• Shares owned after transaction: net change in share count appears to be zero from the vested/settled RSUs; beneficial ownership after the transactions is not specified in the provided filing.
• Footnotes: F1—each RSU equals a contingent right to one Class A common share; F2—12,012 RSUs were granted 6/17/2025 and vested 6/17/2026; F3—7,042 RSUs granted 6/17/2026 vest 6/17/2027.
• Timeliness: The Form 4 was filed five days after the transactions (filed 6/22/2026 for 6/17/2026 transactions), which is later than the typical two-business-day filing requirement.

Context

• RSU vesting and immediate conversion/disposition are common for executives and directors to satisfy tax withholding or company settlement procedures; the $0.00 disposition suggests shares were transferred or withheld rather than sold for cash, though the filing does not detail the reason.
• These items are awards/settlements rather than open-market purchases or sales; they are routine compensation events and should not be read as an explicit buy/sell signal.