CITIZENS, INC.·4

Jun 22, 11:30 AM ET

TAYLOR MARY 4

Research Summary

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CITIZENS (CIA) Director Mary Taylor Exercises RSUs, Receives Grant

What Happened

  • Mary Taylor, a director of Citizens, Inc. (CIA), had several small purchases of Class A common stock via the company Stock Investment Plan and on 6/17/2026 converted restricted stock units (RSUs) into 12,012 shares upon vesting. She was also granted 7,042 new RSUs on 6/17/2026. The five payroll purchases totaled ~455 shares for about $2,487.

Key Details

  • Small payroll purchases (Citizens Stock Investment Plan; F1):
    • 2026-01-30: 88.698 shares @ $5.61 = $498 (marked late, L)
    • 2026-02-27: 88.770 shares @ $5.60 = $497 (L)
    • 2026-04-07: 91.800 shares @ $5.42 = $498 (L)
    • 2026-05-05: 90.703 shares @ $5.48 = $497 (L)
    • 2026-05-29: 95.024 shares @ $5.23 = $497 (L)
    • Total from SIP purchases: ~454.995 shares, ~$2,487.
  • RSU vest/conversion and grant (derivative transactions):
    • 2026-06-17: Conversion/exercise of 12,012 RSUs into 12,012 shares (no cash price reported). These RSUs were granted on 6/17/2025 and vested on 6/17/2026 (F3).
    • 2026-06-17: New grant of 7,042 RSUs (no cash price); these RSUs vest on 6/17/2027 (F4).
  • Footnotes: F1 = purchases via payroll deduction; F2 = each RSU represents a contingent right to one share; F3/F4 describe grant and vesting dates above.
  • Shares owned after the reported transactions: not specified in the filing.
  • Timeliness: the listed SIP purchases are marked as late (transaction code L) in the filing.

Context

  • The 12,012-unit transaction reflects RSUs vesting and converting to common shares (transaction code M = exercise/conversion of derivative). The filing shows conversion to shares rather than an immediate sale (no sale reported).
  • The 7,042 RSU entry is a grant/award (A) and represents a contingent right to future shares upon vesting.
  • Payroll plan purchases are routine employee investment activity and are relatively small-dollar; they often reflect automatic deductions rather than a directional market bet.
  • This filing does not indicate Mary Taylor is a 10% owner; no sale proceeds or large cash transactions were reported.