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CIA: New Director’s Form 3 Reveals 12k Restricted Stock Units Grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Citizens (NYSE:CIA) filed a Form 3 — an initial statement of beneficial ownership — for newly appointed director Peter M. Carlson.

The filing reports zero directly held Class A common shares and the grant of 12,012 restricted stock units on June 17, 2025. These RSUs, each convertible into one share, are scheduled to vest on June 17, 2026. No other derivative or non-derivative securities were disclosed.

Positive

  • None.

Negative

  • None.
Insider Carlson Peter M
Role Director
Type Security Shares Price Value
holding Restricted Stock Units -- -- --
holding Citizens, Inc. Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 12,012 shares (Direct); Citizens, Inc. Class A Common Stock — 0 shares (Direct)
Footnotes (1)
  1. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Carlson Peter M
(Last) (First) (Middle)
11815 ALTERRA PARKWAY, SUITE 1500
(Street)
AUSTIN TX 78758
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2025 		3. Issuer Name and Ticker or Trading Symbol
CITIZENS, INC. [ CIA ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Citizens, Inc. Class A Common Stock 0 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) Citizens, Inc. Class A Common Stock 12,012 (2) D
Explanation of Responses:
1. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026.
2. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/Sheryl Kinlaw, Attorney-in-Fact 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Citizens (CIA) disclose in its June 29, 2025 Form 3?

The filing shows director Peter M. Carlson holds 12,012 restricted stock units and no directly owned Class A common shares.

When will Peter M. Carlson’s RSUs in Citizens (CIA) vest?

According to the Form 3, the 12,012 RSUs fully vest on June 17, 2026.