Citizens CFO exercises RSUs, pays taxes in shares
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Form Type
4
Rhea-AI Filing Summary
CITIZENS, INC. CFO & Treasurer Jeffery P. Conklin exercised restricted stock units into Class A common shares and had a portion withheld for taxes. He acquired 24,950 shares through RSU conversions and 6,077 shares of Class A common stock were withheld at $4.58 per share to cover tax obligations. Following these transactions, he directly held 188,340.1323 shares of Class A common stock. He also retained unexercised restricted stock units representing 19,336 and 17,582 underlying Class A shares, which vest in three equal annual installments under the Citizens, Inc. Omnibus Incentive Plan for pay-for-performance and long-term incentives.
Insider Trade Summary
24,950 shares exercised/converted
Exercise
8 txns
Insider
Conklin Jeffery P.
Role
CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,489 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 12,461 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 12,489 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 3,042 | $4.58 | $14K |
| Exercise | Citizens, Inc. Class A Common Stock | 12,461 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 3,035 | $4.58 | $14K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 61,869 contracts for 36,918 underlying shares (Direct);
Citizens, Inc. Class A Common Stock — 188,340.1323 shares (Direct)
Footnotes (5)
- F1. On March 28, 2024, the reporting person was granted an award of restricted stock units (RSUs) under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
- F2. On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
- F3. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F4. On March 31, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 31, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).
- F5. On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).
Key Figures
RSU shares exercised: 24,950 shares
Shares withheld for taxes: 6,077 shares at $4.58
Direct Class A holdings after transactions: 188,340.1323 shares
+3 more
6 metrics
RSU shares exercised
24,950 shares
Restricted stock units converted into Class A common stock on March 28, 2026
Shares withheld for taxes
6,077 shares at $4.58
Class A common shares delivered to satisfy tax liability on March 28, 2026
Direct Class A holdings after transactions
188,340.1323 shares
Total Class A common stock directly owned following reported transactions
Unvested RSUs block 1
19,336 underlying shares
Restricted stock units with $0.0000 exercise price, direct ownership
Unvested RSUs block 2
17,582 underlying shares
Restricted stock units with $0.0000 exercise price, direct ownership
Exercise price of RSUs
$0.0000 per unit
Restricted stock units convertible into Class A common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, Omnibus Incentive Plan, pay-for-performance, +2 more
6 terms
Restricted Stock Units financial
"On March 28, 2024, the reporting person was granted an award of restricted stock units (RSUs)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Omnibus Incentive Plan financial
"under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
pay-for-performance financial
"Omnibus Incentive Plan for 2023 pay-for-performance"
long-term incentive financial
"Omnibus Incentive Plan for the 2024 long-term incentive"
Long-term incentive is a form of pay awarded to executives and key employees that vests over several years and is tied to company performance, often paid in stock or stock-linked awards. It matters to investors because it shapes management’s motivation and risk-taking, can dilute existing shares, and affects future cash flow and company governance—think of it as a multi-year performance bonus that aligns leaders’ rewards with shareholder returns.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CIA CFO Jeffery Conklin report in this insider filing?
Jeffery Conklin reported RSU vesting and related tax withholding. He converted 24,950 restricted stock units into Class A common shares, while 6,077 shares were withheld at $4.58 each to satisfy tax obligations, reflecting routine equity compensation activity rather than open-market buying or selling.
What restricted stock units remain outstanding for the CIA CFO?
The filing shows two RSU positions still outstanding. They represent 19,336 and 17,582 underlying Class A common shares, each with a $0.0000 exercise price, tied to multi-year vesting schedules under the Citizens, Inc. Omnibus Incentive Plan.
How are the Citizens (CIA) RSUs structured under the Omnibus Incentive Plan?
The RSUs vest in three equal annual installments. Grants for 2023 pay-for-performance and 2024 and 2025 long-term incentives each vest on the first, second, and third anniversaries of their respective grant dates, with each unit convertible into one Class A common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
