Citizens (CIA) Insider Report: 2,625 RSUs Vest; 640 Shares Sold
Rhea-AI Filing Summary
CITIZENS, INC. (CIA) reporting person Bryon Matthew Lewis, Chief Operations Officer, reported stock unit vesting and a small sale on August 15, 2025. The filing shows 2,625 restricted stock units (RSUs) deemed acquired on that date (each RSU converts to one Class A share) and a separate disposition of 640 Class A shares sold at $5.10, leaving the reporting person with 14,679.8062 shares after the sale. The derivative table details existing RSU awards from grants dated August 15, 2023; March 28, 2024; and March 31, 2025, with vesting schedules in three equal annual installments. The form is signed and dated August 19, 2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive RSU vesting with a small open-market sale; not materially dilutive or transaction-size significant.
The report documents scheduled vesting events and a modest disposition of 640 shares at $5.10 on August 15, 2025, consistent with compensation plan vesting timelines. Aggregate post-transaction beneficial ownership is reported as 14,679.8062 Class A shares. The RSU awards originate from three grant dates with standard three-year annual vesting, indicating ongoing retention-based compensation rather than extraordinary equity actions. No new grants, buybacks, financing, or unusual insider activity are disclosed.
TL;DR: Disclosure aligns with compensation program rules and Section 16 reporting obligations; governance implications are routine.
The Form 4 shows compliance with reporting requirements for an officer receiving and vesting RSUs and effecting a sale. The multiple RSU grant schedules and documented vesting dates support structured long-term incentive alignment. The small sale at $5.10 appears to be a discrete disposition and is fully disclosed. There are no indications of policy breaches, exception plans, or transactions executed under an explicit 10b5-1 plan in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,625 | $0.00 | -- |
| Exercise | Citizens, Inc. Class A Common Stock | 2,625 | $0.00 | -- |
| Tax Withholding | Citizens, Inc. Class A Common Stock | 640 | $5.10 | $3K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. On August 15, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (August 15, 2024) and the second anniversary date of the grant (August 15, 2025) and the third anniversary date of the grant (August 15, 2026) 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). 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). 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).
