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Citizens, Inc. Insider Grant & Vesting: 26k RSUs Detailed in Form 4

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Citizens, Inc. (CIA) Form 4 filing – Director equity activity

The report covers two equity transactions by director Christopher W. Claus. On 17 June 2025 he received 12,012 restricted stock units (RSUs) that will vest on 17 June 2026 (Code A). One day later, on 18 June 2025, he converted 14,035 previously granted RSUs into Class A common shares (Code M). No shares were sold and no cash price was paid for either transaction, reflecting routine equity compensation rather than open-market buying or selling.

Following the conversion, Claus’ direct ownership increased to 72,393.492 Class A shares. The filing shows he remains a non-executive director and is not a 10% owner. The additional equity raises his direct stake in the company and maintains board-level alignment with shareholder interests, but does not represent a fresh cash outlay by the insider nor signal a valuation view.

Positive

  • Director ownership rises to 72,393 shares, modestly enhancing alignment with common shareholders.

Negative

  • None.

Insights

TL;DR: Routine RSU grant and vesting; no open-market trade – neutral governance signal.

The Form 4 discloses standard board compensation events. Granting 12,012 RSUs extends long-term incentives, while the 14,035-share settlement merely converts vested units; it does not add incremental cost to Citizens, Inc. nor convey Claus’ valuation opinion. Post-transaction ownership of ~72.4 k shares modestly increases insider skin-in-the-game, which is generally shareholder-friendly, yet the absence of a purchase price tempers any bullish read-through. The events have negligible balance-sheet impact and do not alter control dynamics. Overall, materiality to investors is limited.

Insider Claus Christopher W
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 14,035 $0.00 --
Exercise Citizens, Inc. Class A Common Stock 14,035 $0.00 --
Grant/Award Restricted Stock Units 12,012 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Citizens, Inc. Class A Common Stock — 72,393.492 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026. On June 18, 2024, the reporting person was granted 14,035 restricted stock units, vesting on June 18, 2025.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Claus Christopher W
(Last) (First) (Middle)
11815 ALTERRA PARKWAY, SUITE 1500
(Street)
AUSTIN TX 78758
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CITIZENS, INC. [ CIA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Citizens, Inc. Class A Common Stock 06/18/2025 M 14,035 A (1) 72,393.492 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 06/17/2025 A 12,012 (2) (2) Class A Common Stock 12,012 $0 12,012 D
Restricted Stock Units (1) 06/18/2025 M 14,035 (3) (3) Class A Common Stock 14,035 $0 0 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
2. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026.
3. On June 18, 2024, the reporting person was granted 14,035 restricted stock units, vesting on June 18, 2025.
Remarks:
/s/Sheryl Kinlaw, Attorney-in-Fact 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity was reported for CIA on the latest Form 4?

Director Christopher W. Claus received 12,012 RSUs and converted 14,035 RSUs into Class A shares.

Did the director buy Citizens, Inc. shares on the open market?

No. Both transactions were equity compensation events; no open-market purchase or sale occurred.

How many CIA shares does Christopher W. Claus now own?

He now directly owns approximately 72,393.492 Class A shares after the reported transactions.

When will the newly granted 12,012 RSUs vest?

The RSUs granted on 17 June 2025 will vest on 17 June 2026.

Is this filing considered impactful for CIA investors?

The transactions are routine board compensation and are generally viewed as neutral in market impact.