Conklin Jeffery P. 4

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.