Citizens (NYSE: CIA) CEO buys 50,000 shares, lifts direct stake
Rhea-AI Filing Summary
Citizens, Inc. President & CEO Jon Stenberg reported multiple equity transactions in Citizens, Inc. Class A common stock. He made an open-market purchase of 50,000 shares at $4.70 per share, bringing his direct holdings to 307,599 shares. Around the same time, he exercised 20,310 restricted stock units, which converted into the same number of Class A shares, while 4,946 shares were withheld to cover tax obligations. In addition to his direct position, 130,100 shares are held indirectly through his spouse. He also continues to hold restricted stock units covering 45,249 and 39,560 underlying shares that generally vest in three equal annual installments under the Citizens, Inc. Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 65,364 shares
Net Buy
7 txns
Insider
Stenberg Jon
Role
President & CEO
Bought
50,000 shs ($235K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Citizens, Inc. Class A Common Stock | 50,000 | $4.70 | $235K |
| Exercise | Restricted Stock Units | 20,310 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 20,310 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 4,946 | $4.58 | $23K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Citizens, Inc. Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 105,118 shares (Direct);
Citizens, Inc. Class A Common Stock — 307,599 shares (Direct);
Citizens, Inc. Class A Common Stock — 130,100 shares (Indirect, Spouse)
Footnotes (4)
- F1. 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).
- F2. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F3. On March 18, 2024, 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 18, 2025) and the second anniversary of the date of the grant (March 18, 2026) and the third anniversary of the date of the grant (March 18, 2027).
- F4. 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
Open-market purchase: 50,000 shares at $4.70
Direct holdings after purchase: 307,599 shares
Indirect spouse holdings: 130,100 shares
+4 more
7 metrics
Open-market purchase
50,000 shares at $4.70
Citizens Class A common stock, open-market transaction
Direct holdings after purchase
307,599 shares
Citizens Class A common stock held directly by CEO
Indirect spouse holdings
130,100 shares
Citizens Class A common stock held indirectly through spouse
RSUs exercised
20,310 units
Converted into 20,310 Class A shares at $0.00 exercise price
Shares withheld for taxes
4,946 shares at $4.58
Tax-withholding disposition related to equity compensation
Outstanding RSU grant 1
45,249 underlying shares
Restricted stock units, $0.00 exercise price, direct ownership
Outstanding RSU grant 2
39,560 underlying shares
Restricted stock units, $0.00 exercise price, direct ownership
Key Terms
Restricted Stock Units, open-market purchase, tax-withholding disposition, Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"The filing shows Jon Stenberg exercised 20,310 restricted stock units"
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.
open-market purchase financial
"He made an open-market purchase of 50,000 shares at $4.70 per share"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
tax-withholding disposition financial
"4,946 shares were withheld to cover tax obligations as a tax-withholding disposition"
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
"RSUs were granted under the Citizens, Inc. Omnibus Incentive Plan for long-term incentive"
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.
long-term incentive financial
"RSUs under the Citizens, Inc. 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.
FAQ
What did Citizens (CIA) CEO Jon Stenberg do in this Form 4 filing?
Jon Stenberg reported several equity transactions, including an open-market purchase of 50,000 Citizens Class A shares. He also exercised 20,310 restricted stock units and had 4,946 shares withheld to satisfy tax obligations, increasing his overall direct equity stake.
What restricted stock unit activity was reported for Citizens (CIA) CEO?
The filing shows Jon Stenberg exercised 20,310 restricted stock units for an equivalent number of Citizens Class A shares at a $0.00 exercise price. Separate RSU awards covering 45,249 and 39,560 underlying shares remain outstanding and vest in three equal annual installments.
How do the Citizens (CIA) CEO’s RSU grants vest over time?
Footnotes state that RSU awards granted in March 2024 and March 2025 under the Omnibus Incentive Plan vest in three equal annual installments. Vesting begins one year after each grant date and continues on the second and third anniversaries, subject to grant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
