Conklin Jeffery P. 4
4 · CITIZENS, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CITIZENS (CIA) CFO Jeffery Conklin Receives RSUs; Shares Withheld
What Happened
- Jeffery P. Conklin, CFO & Treasurer of Citizens, Inc. (CIA), had restricted stock units (RSUs) convert into common shares on March 28, 2026. Two conversions totaled 12,489 and 12,461 shares (24,950 shares gross).
- To cover tax withholding, 3,042 and 3,035 shares were surrendered at $4.58 per share (total tax withholding ≈ $27,832). Net shares issued to Conklin ≈ 18,873.
- The entries showing $0.00 for certain derivative disposals reflect cancellation/conversion of RSUs (derivatives), not open-market sales.
Key Details
- Transaction date: March 28, 2026; Form 4 filed March 31, 2026 (filed timely within Form 4 reporting window).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (shares withheld).
- Withheld shares: 6,077 shares at $4.58/share → ≈ $27,832 paid to satisfy taxes.
- Each RSU equals one share of Class A common stock (per footnote).
- Footnotes show these RSUs were granted under Citizens’ Omnibus Incentive Plan in prior years (grants dated March 28, 2024 and others) with scheduled vesting; these conversions reflect vested installments.
- Shares owned after the transaction are not provided in the supplied excerpt — see the full Form 4 for total holdings.
Context
- This was a routine RSU vesting and cashless tax-withholding event (company withheld a portion of vested shares to cover taxes). It is not an open-market sale or purchase and therefore does not by itself indicate buying or selling sentiment.
- For retail investors: vesting/conversion events are standard compensation transactions. Purchases or open-market sales by insiders can carry different implications than routine vesting + withholding.
Insider Transaction Report
Form 4
Conklin Jeffery P.
CFO & Treasurer
Transactions
- Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F1]2026-03-28+12,489→ 181,956.132 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-28$4.58/sh−3,042$13,932→ 178,914.132 total - Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F2]2026-03-28+12,461→ 191,375.132 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-28$4.58/sh−3,035$13,900→ 188,340.132 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-28−12,489→ 12,490 total→ Class A Common Stock (12,489 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F2]2026-03-28−12,461→ 12,461 total→ Class A Common Stock (12,461 underlying)
Holdings
- 19,336
Restricted Stock Units
[F3][F4]→ Class A Common Stock (19,336 underlying) - 17,582
Restricted Stock Units
[F3][F5]→ Class A Common Stock (17,582 underlying)
Footnotes (5)
- [F1]On March 28, 2024, the reporting person was granted an award of restricted stock units (RSUs) under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
- [F2]On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
- [F3]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- [F4]On March 31, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).
- [F5]On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).
Signature
/s/Jeffery P. Conklin|2026-03-31