Citizens (NYSE: CIA) COO converts 2,626 RSUs, withholds shares
Rhea-AI Filing Summary
CITIZENS, INC. (CIA) reported insider equity compensation activity by Chief Operations Officer Bryon Matthew Lewis. On August 15, 2026, he exercised 2,626 restricted stock units, receiving an equal number of shares of Citizens Class A common stock.
On the same date, 640 shares of Class A common stock were delivered or withheld at $3.97 per share to pay the exercise price or associated tax liability. The filing also lists several outstanding restricted stock unit awards under the Citizens, Inc. Omnibus Incentive Plan that continue to represent rights to receive shares of Class A common stock as they vest over future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,986 shares
Net Buy
7 txns
Insider
Lewis Bryon Matthew
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,626 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock F1 | 2,626 | -- | -- |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 640 | $3.97 | $3K |
| holding | Restricted Stock Units F1, F3 | -- | -- | -- |
| holding | Restricted Stock Units F1, F4 | -- | -- | -- |
| holding | Restricted Stock Units F1, F5 | -- | -- | -- |
| holding | Restricted Stock Units F1, F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 17,622 shares (Direct);
Citizens, Inc. Class A Common Stock — 12,766.8062 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F2. 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)
- F3. 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).
- F4. 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).
- 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).
- F6. On March 31, 2026, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2026 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2027) an dthe second anniversary of the date of the grant (March 31, 2028) and the third anniversary of the date of the grant (March 31, 2029).
Key Figures
RSUs exercised: 2,626 units
Shares delivered/withheld: 640 shares
Exercise or tax price: $3.97 per share
+4 more
7 metrics
RSUs exercised
2,626 units
Restricted stock units converted into Class A common stock on August 15, 2026
Shares delivered/withheld
640 shares
Class A shares used for exercise price or tax liability at $3.97 per share
Exercise or tax price
$3.97 per share
Price applied to 640 Class A shares delivered or withheld
Outstanding RSUs block 1
2,589 underlying shares
Restricted stock units referencing Class A common stock, direct ownership
Outstanding RSUs block 2
4,673 underlying shares
Restricted stock units under Omnibus Incentive Plan, direct ownership
Outstanding RSUs block 3
4,396 underlying shares
Restricted stock units under Omnibus Incentive Plan, direct ownership
Outstanding RSUs block 4
5,964 underlying shares
Restricted stock units under Omnibus Incentive Plan, direct ownership
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, pay-for-performance, long-term incentive
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Omnibus Incentive Plan financial
"RSUs 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. The RSUs vest in three equal"
long-term incentive financial
"granted an award of 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 insider transactions did CIA report for Bryon Matthew Lewis on August 15, 2026?
On August 15, 2026, Bryon Matthew Lewis exercised 2,626 restricted stock units into an equal number of Citizens Class A common shares. The filing also reports 640 shares delivered or withheld to cover the exercise price or related tax liability.
How many Citizens, Inc. (CIA) RSUs did the COO convert to common stock?
The COO converted 2,626 restricted stock units into 2,626 shares of Citizens Class A common stock. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock upon vesting and settlement.
Does the CIA Form 4 show remaining restricted stock units for the COO?
Yes. The Form 4 lists outstanding restricted stock unit awards covering 2,589, 4,673, 4,396, and 5,964 underlying Class A shares. These RSUs vest in three equal annual installments under the Citizens, Inc. Omnibus Incentive Plan based on grant-specific schedules.
What compensation plans are referenced in the CIA insider transaction filing?
The filing references the Citizens, Inc. Omnibus Incentive Plan. It notes RSU grants tied to 2023 pay-for-performance and the 2024, 2025, and 2026 long-term incentive programs, each vesting in three equal annual installments from their respective grant dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
