Citizens CLO exercises RSUs, holds 99,350 shares
Citizens, Inc. Chief Legal Officer Sheryl L. Kinlaw reported equity compensation activity involving restricted stock units (RSUs) and Class A common stock on March 31, 2026.
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Form Type
4
Rhea-AI Filing Summary
Citizens, Inc. Chief Legal Officer Sheryl L. Kinlaw reported equity compensation activity involving restricted stock units (RSUs) and Class A common stock on March 31, 2026. She exercised RSUs covering 5,128 and 8,536 shares of Class A common stock and received a new award of 13,916 RSUs under the Citizens, Inc. Omnibus Incentive Plan.
Following these transactions and related tax withholding, she held 99,350 shares of Citizens, Inc. Class A common stock directly. She also retained RSU derivative positions representing 15,174 and 10,904 underlying Class A shares, which vest in installments on specified future anniversaries of prior grant dates.
Insider Trade Summary
13,664 shares exercised/converted
Exercise
9 txns
Insider
Kinlaw Sheryl L
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,128 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,536 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,916 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 5,128 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 1,249 | $5.03 | $6K |
| Exercise | Citizens, Inc. Class A Common Stock | 8,536 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 2,079 | $5.03 | $10K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 50,250 contracts for 26,078 underlying shares (Direct);
Citizens, Inc. Class A Common Stock — 99,350 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
RSUs exercised (first tranche): 5,128 shares
RSUs exercised (second tranche): 8,536 shares
New RSU grant: 13,916 RSUs
+5 more
8 metrics
RSUs exercised (first tranche)
5,128 shares
Restricted Stock Units converted into Class A common stock on March 31, 2026
RSUs exercised (second tranche)
8,536 shares
Restricted Stock Units converted into Class A common stock on March 31, 2026
New RSU grant
13,916 RSUs
2026 long-term incentive award granted March 31, 2026
Tax-withheld shares (first entry)
1,249 shares at $5.03
Class A common shares withheld to cover tax liability
Tax-withheld shares (second entry)
2,079 shares at $5.03
Additional Class A shares withheld for taxes
Common shares held after transactions
99,350 shares
Direct Citizens, Inc. Class A common stock holding after March 31, 2026 entries
Remaining RSUs (first block)
15,174 underlying shares
Restricted Stock Units outstanding with zero exercise price
Remaining RSUs (second block)
10,904 underlying shares
Additional Restricted Stock Units outstanding with zero exercise price
Key Terms
Restricted Stock Units, Citizens, Inc. Omnibus Incentive Plan, tax-withholding disposition, grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"The filing reports transactions in "Restricted Stock Units" linked to Class A common stock."
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.
Citizens, Inc. Omnibus Incentive Plan financial
"RSU awards were granted under the "Citizens, Inc. Omnibus Incentive Plan" for long-term incentive and pay-for-performance."
tax-withholding disposition financial
"Class A common stock entries coded F are described as a "tax-withholding disposition" to pay tax liability."
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.
grant, award, or other acquisition financial
"An RSU transaction with code A is described as a "Grant, award, or other acquisition"."
Exercise or conversion of derivative security financial
"Multiple entries use code M with the description "Exercise or conversion of derivative security" for RSU settlements."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Citizens, Inc. (CIA) Chief Legal Officer report in this Form 4?
The Form 4 shows Chief Legal Officer Sheryl L. Kinlaw exercised restricted stock units into Class A common shares, received a new RSU grant, and had shares withheld to cover taxes. These are compensation-related, not open-market, transactions under the company’s Omnibus Incentive Plan.
What restricted stock unit (RSU) grants to the CIA Chief Legal Officer are disclosed?
The filing discloses a March 31, 2026 RSU grant of 13,916 units for the 2026 long-term incentive, plus earlier RSU awards from 2023, 2024, and 2025. These RSUs vest in three equal annual installments on specified anniversaries of each original grant date.
How many RSU-based derivative positions remain for Citizens, Inc. (CIA) Chief Legal Officer?
The derivative table shows remaining RSUs linked to 15,174 and 10,904 underlying Citizens, Inc. Class A shares. Each restricted stock unit represents a contingent right to receive one share of Class A common stock, with vesting schedules described in the footnotes.
What does the tax-withholding disposition mean in the CIA Form 4 filing?
Tax-withholding dispositions mean the issuer retained 1,249 and 2,079 Citizens, Inc. Class A shares valued at $5.03 per share to satisfy the reporting person’s tax liabilities from equity vesting or exercises. These transactions do not represent open-market selling activity by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
