Citizens (NYSE: CIA) COO gains RSUs and settles tax via shares
Rhea-AI Filing Summary
Citizens, Inc. Chief Operations Officer Lewis Bryon Matthew reported routine equity compensation activity tied to restricted stock units. On March 31, 2026, he exercised 2,197 RSUs into an equal number of Class A common shares at an exercise price of $0.00 per share, and 516 shares were withheld at $5.03 per share to cover tax obligations.
He also received a new award of 5,964 RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2026 long-term incentive. After these transactions, he directly holds 21,477.8062 Class A common shares and maintains unexercised RSUs representing 9,888 underlying Class A shares across multiple prior grants that vest in equal annual installments on specified future anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,681 shares
Net Buy
7 txns
Insider
Lewis Bryon Matthew
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,197 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,964 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 2,197 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 516 | $5.03 | $3K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,248 shares (Direct);
Citizens, Inc. Class A Common Stock — 21,477.8062 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. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F3. 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).
- F4. 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)
- 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
RSUs exercised: 2,197 units
New RSU grant: 5,964 units
Shares withheld for tax: 516 shares at $5.03
+3 more
6 metrics
RSUs exercised
2,197 units
Converted to Class A common stock on March 31, 2026
New RSU grant
5,964 units
2026 long-term incentive award granted March 31, 2026
Shares withheld for tax
516 shares at $5.03
Tax-withholding disposition on March 31, 2026
Common shares held
21,477.8062 shares
Direct Class A holdings after transactions
Remaining RSU underlying shares
9,888 shares
Unexercised RSUs for Class A common stock
Exercise price of RSUs
$0.00 per unit
All RSU awards shown carry a zero exercise price
Key Terms
Restricted Stock Units, Omnibus Incentive Plan, pay-for-performance, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan"
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 2025 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.
pay-for-performance financial
"RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
long-term incentive financial
"RSUs 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.
FAQ
What equity transactions did Citizens (CIA) COO report on March 31, 2026?
The COO exercised vested RSUs, received a new RSU grant, and had shares withheld for taxes. He converted 2,197 RSUs into Class A common shares, received 5,964 new RSUs, and 516 shares were withheld at $5.03 each to satisfy tax obligations.
What new RSU award did Citizens (CIA) grant its COO for 2026?
The COO received 5,964 restricted stock units as a 2026 long-term incentive award. These RSUs were granted under the Citizens, Inc. Omnibus Incentive Plan and are scheduled to vest in three equal annual installments beginning March 31, 2027 and continuing through March 31, 2029.
How many unvested or unexercised RSUs does the Citizens (CIA) COO retain?
The COO retains RSUs representing 9,888 underlying Citizens Class A shares. These positions are spread across several grants with a $0.00 exercise price and vest over multiple years under the Omnibus Incentive Plan, based on earlier-award schedules described in the footnotes.
What do Citizens (CIA) RSUs represent for the COO’s compensation?
Citizens RSUs represent a contingent right to receive one Class A share per unit. Footnotes state they are granted under the Omnibus Incentive Plan as long-term incentive and pay-for-performance awards, typically vesting in three equal annual installments on specified grant anniversaries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
