Citizens CFO exercises RSUs, gets new stock grant
Citizens, Inc. CFO & Treasurer Jeffery P. Conklin reported compensation-related equity movements involving restricted stock units and Class A common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Citizens, Inc. CFO & Treasurer Jeffery P. Conklin reported compensation-related equity movements involving restricted stock units and Class A common stock. On March 31, 2026, he exercised RSUs to acquire 15,528 shares of Class A common stock and received a new grant of 15,904 RSUs under the Omnibus Incentive Plan. The filing shows 3,782 shares of Class A common stock withheld at $5.03 per share to satisfy tax obligations, rather than sold in the open market. Following these transactions, he directly holds about 200,086 Class A shares, along with multiple RSU awards that each convert into one share of Class A common stock upon vesting.
Insider Trade Summary
15,528 shares exercised/converted
Exercise
9 txns
Insider
Conklin Jeffery P.
Role
CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,860 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,668 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 15,904 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 5,860 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 1,427 | $5.03 | $7K |
| Exercise | Citizens, Inc. Class A Common Stock | 9,668 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 2,355 | $5.03 | $12K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 52,577 contracts for 24,951 underlying shares (Direct);
Citizens, Inc. Class A Common Stock — 200,086.1323 shares (Direct)
Footnotes (6)
- F1. 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).
- F2. 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).
- F3. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F4. 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).
- F5. 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).
- F6. 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).
Key Figures
RSU shares exercised: 15,528 shares
New RSU grant: 15,904 units
Shares withheld for taxes: 3,782 shares at $5.03
+4 more
7 metrics
RSU shares exercised
15,528 shares
Class A common stock from RSU exercises on March 31, 2026
New RSU grant
15,904 units
RSUs granted March 31, 2026 under Omnibus Incentive Plan
Shares withheld for taxes
3,782 shares at $5.03
Tax-withholding dispositions coded F in non-derivative section
Post-transaction Class A holdings
200,086.1323 shares
Direct Citizens, Inc. Class A common stock after transactions
Remaining RSU position 1
12,490 underlying shares
Restricted Stock Units, direct ownership, exercise price $0.0000
Remaining RSU position 2
12,461 underlying shares
Restricted Stock Units, direct ownership, exercise price $0.0000
Tax-withholding share count summary
3,782 shares
TaxWithholdingShares from transactionSummary
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, long-term incentive, pay-for-performance, +2 more
6 terms
Restricted Stock Units financial
"The RSUs vest in three equal annual installments on the first anniversary"
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 the 2026 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
"under the Citizens, Inc. Omnibus Incentive Plan for the 2026 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.
pay-for-performance financial
"under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance"
tax-withholding disposition financial
"transaction_action": "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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CIA CFO Jeffery Conklin report in this Form 4 filing?
Jeffery Conklin reported routine equity compensation activity, including RSU exercises into Class A common stock and a new RSU grant. The transactions involved derivative exercises, tax-withholding share dispositions, and updated direct holdings in Citizens, Inc. Class A common stock and restricted stock units.
What new RSU award did CIA grant to the CFO on March 31, 2026?
On March 31, 2026, he received a new award of 15,904 restricted stock units under the Citizens, Inc. Omnibus Incentive Plan. These RSUs vest in three equal annual installments starting March 31, 2027, continuing through March 31, 2029, if vesting conditions are met.
What Citizens (CIA) RSU positions remain outstanding for the CFO?
The filing shows two direct RSU positions remaining, tied to 12,490 and 12,461 underlying Class A shares. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock upon future vesting events under the incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
