HARWOOD MICHAEL PHILIP 4

What Happened Michael Philip Harwood, a director at Citizens, Inc. (CIA), made several small stock purchases via the company's Stock Investment Plan and received a grant of restricted stock units (RSUs). Purchases: 91.8 shares on 2026-04-07 at $5.42 ($498), 181.407 shares on 2026-05-05 at $5.48 ($994), and 190.049 shares on 2026-05-29 at $5.23 ($994) — roughly 463 shares bought for about $2,486 total. On 2026-06-17 he was granted 7,042 restricted stock units (reported as an award/derivative with $0 per share); these RSUs vest on 2027-06-17.

Key Details

• Transaction dates & prices:
  • 2026-04-07: 91.8 shares @ $5.42 = $498 (acquisition)
  • 2026-05-05: 181.407 shares @ $5.48 = $994 (acquisition)
  • 2026-05-29: 190.049 shares @ $5.23 = $994 (acquisition)
  • 2026-06-17: 7,042 RSUs granted @ $0 (award/derivative)
• Purchases were made through the Citizens, Inc. Stock Investment Plan as regular monthly payroll deductions (footnote F1).
• Each RSU represents a contingent right to receive one share of Class A common stock; the 7,042 RSUs vest on June 17, 2027 (footnotes F2, F3).
• The filing (accession 0002097014-26-000002) was submitted 2026-06-22 and the acquisition entries are marked with "L" (late), indicating these purchases were reported after the usual filing deadline.

Context

• The purchases were small, routine payroll-deduction acquisitions rather than large open-market buys; such purchases are common for directors and often reflect participation in company plans rather than a strong market signal.
• The RSU grant is a standard equity award that vests in one year; as a derivative award it does not represent immediate cash proceeds and will convert to shares only upon vesting and any required delivery conditions.