Kinlaw Sheryl L 4

What Happened

• Sheryl L. Kinlaw, Chief Legal Officer of Citizens, Inc. (CIA), had restricted stock units (RSUs) convert to 26,075 shares on March 28, 2026 (two conversions: 15,172 and 10,903 shares).
• To satisfy tax withholding, 6,350 of those shares were withheld/disposed (3,695 and 2,655 shares) at $4.58 per share, producing withholding proceeds of $16,923 and $12,160 (total $29,083).
• This was not an open‑market purchase or sale for investment—rather a routine vesting/conversion of RSUs with shares withheld to cover tax obligations.

Key Details

• Transaction date: March 28, 2026. Codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (share withholding).
• Conversion amounts: 15,172 and 10,903 RSUs converted (total 26,075 shares).
• Withheld for taxes: 3,695 + 2,655 = 6,350 shares at $4.58/share; total tax withholding value reported $29,083.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs were granted in prior years (grants referenced from March 31, 2023; March 28, 2024; March 31, 2025) and vest in multi‑year installments. Each RSU represents a right to one share.
• No late filing indicator was provided in the summary data.

Context

• This is a standard vesting/settlement of RSUs (derivative conversion). A portion of vested shares was withheld to cover tax obligations (a “net settlement”/tax withholding), which is routine and does not necessarily signal a change in insider sentiment.
• Transaction codes: M = conversion/exercise of a derivative (here RSUs converting to shares); F = disposition to pay taxes.