Conklin Jeffery P. 4

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.