Conklin Jeffery P. 4
4 · CITIZENS, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Citizens (CIA) CFO Jeffery Conklin Exercises/Settles RSUs; Tax Withholding
What Happened
- Jeffery P. Conklin, CFO & Treasurer of Citizens, Inc. (CIA), settled restricted‑stock‑unit (RSU) awards on March 31, 2026. Two conversion/exercise entries show 5,860 and 9,668 RSUs converting into 15,528 shares in total. To cover tax obligations, 1,427 and 2,355 shares (3,782 total) were withheld/disposed at $5.03 per share, generating approximately $19,024 in consideration. Separately, Conklin was granted 15,904 new RSUs (zero cash cost at grant) under the company’s omnibus incentive plan.
Key Details
- Transaction date: March 31, 2026; Form 4 filed April 2, 2026.
- Converted/settled (code M): 5,860 and 9,668 RSUs → 15,528 shares acquired (settlement of derivatives).
- Tax withholding (code F): 1,427 shares ($7,178) and 2,355 shares ($11,846) at $5.03/share — 3,782 shares withheld total (~$19,024).
- New award (code A): 15,904 RSUs granted on March 31, 2026 (vests in three equal annual installments per footnote F4).
- Each RSU equals a contingent right to one share (footnote F3). Other footnotes (F1–F6) describe past grants and vesting schedules.
- Shares owned after the transactions are not stated in the provided extract.
- No late‑filing flag was indicated in the provided data.
Context
- These transactions appear to be routine RSU settlements and a new long‑term incentive grant. The withheld shares reflect tax withholding/net‑share settlement (common when RSUs vest) rather than an open‑market sale. The new RSU grant vests over three years, so it is a future‑oriented compensation award rather than an immediate purchase or sale.
Insider Transaction Report
Form 4
Conklin Jeffery P.
CFO & Treasurer
Transactions
- Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F1]2026-03-31+5,860→ 194,200.132 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-31$5.03/sh−1,427$7,178→ 192,773.132 total - Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F2]2026-03-31+9,668→ 202,441.132 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-31$5.03/sh−2,355$11,846→ 200,086.132 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-31−5,860→ 11,722 total→ Class A Common Stock (5,860 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F2]2026-03-31−9,668→ 0 total→ Class A Common Stock (9,668 underlying) - Award
Restricted Stock Units
[F3][F4]2026-03-31+15,904→ 15,904 total→ Class A Common Stock (15,904 underlying)
Holdings
- 12,490
Restricted Stock Units
[F3][F5]→ Class A Common Stock (12,490 underlying) - 12,461
Restricted Stock Units
[F3][F6]→ Class A Common Stock (12,461 underlying)
Footnotes (6)
- [F1]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).
- [F2]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).
- [F3]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- [F4]On March 31, 2026, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2026 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2027) an dthe second anniversary of the date of the grant (March 31, 2028) and the third anniversary of the date of the grant (March 31, 2029).
- [F5]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).
- [F6]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).
Signature
/s/Jeffery P. Conklin|2026-04-02