Citizens (NYSE: CIA) CIO keeps buying shares via payroll plan
Rhea-AI Filing Summary
CITIZENS, INC. (CIA) reported that Chief Information Officer Paula L. Guerrero exercised 2,709 restricted stock units into an equal number of Class A common shares on August 15, 2026. On the same date, 796 shares were delivered or withheld at $3.97 per share for payment of exercise price or tax liability. Earlier in 2026, she made several small direct acquisitions of Class A common stock through the Citizens, Inc. Stock Investment Plan under regular monthly payroll deductions, each under Rule 16a-6.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,845.067 shares
Net Buy
12 txns
Insider
Guerrero Paula L
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 2,709 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock F2 | 2,709 | -- | -- |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 796 | $3.97 | $3K |
| Small Acquisition | Citizens, Inc. Class A Common Stock F1 | 209.4096 | $4.75 | $994.70 |
| Small Acquisition | Citizens, Inc. Class A Common Stock F1 | 167.5991 | $5.94 | $995.54 |
| Small Acquisition | Citizens, Inc. Class A Common Stock F1 | 190.0489 | $5.23 | $993.96 |
| Small Acquisition | Citizens, Inc. Class A Common Stock F1 | 181.407 | $5.48 | $994.11 |
| Small Acquisition | Citizens, Inc. Class A Common Stock F1 | 183.6024 | $5.42 | $995.13 |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Restricted Stock Units F2, F5 | -- | -- | -- |
| holding | Restricted Stock Units F2, F6 | -- | -- | -- |
| holding | Restricted Stock Units F2, F7 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 17,241 shares (Direct);
Citizens, Inc. Class A Common Stock — 20,204.0514 shares (Direct)
Footnotes (7)
- F1. These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction.
- F2. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F3. 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)
- F4. 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).
- F5. On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 pay-for-performance. 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, 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).
- F7. 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 into shares: 2,709 shares
Shares for exercise price or tax liability: 796 shares
Exercise-price or tax-liability per-share value: $3.97 per share
+4 more
7 metrics
RSUs exercised into shares
2,709 shares
Restricted stock units converted into Class A common stock on August 15, 2026
Shares for exercise price or tax liability
796 shares
Shares delivered or withheld at $3.97 per share on August 15, 2026
Exercise-price or tax-liability per-share value
$3.97 per share
Applied to 796 shares of Class A common stock in code F transaction
Payroll-deduction purchase April 7, 2026
183.6024 shares at $5.42
Small acquisition under Rule 16a-6 via Stock Investment Plan
Payroll-deduction purchase May 5, 2026
181.4070 shares at $5.48
Small acquisition under Rule 16a-6 via Stock Investment Plan
Payroll-deduction purchase May 29, 2026
190.0489 shares at $5.23
Small acquisition under Rule 16a-6 via Stock Investment Plan
Largest RSU block outstanding
5,964 underlying shares
Restricted stock units referencing Class A common stock in derivative summary
Key Terms
Restricted Stock Units, Rule 16a-6, Citizens, Inc. Stock Investment Plan, Omnibus Incentive Plan
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.
Rule 16a-6 regulatory
"transaction_code_description: Small acquisition under Rule 16a-6"
Citizens, Inc. Stock Investment Plan financial
"purchased through the Citizens, Inc. Stock Investment Plan as part"
Omnibus Incentive Plan financial
"award of RSUs under the Citizens, Inc. Omnibus Incentive Plan"
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.
FAQ
What insider transactions did CIA’s Chief Information Officer report on this Form 4?
Paula L. Guerrero exercised 2,709 restricted stock units into Class A common shares and had 796 shares delivered or withheld at $3.97 per share for exercise price or tax liability, alongside several small stock purchases via a payroll-deduction investment plan.
What small stock purchases did Paula L. Guerrero make in CIA during 2026?
She reported several small direct acquisitions of CIA Class A common stock: 181.4070 shares at $5.48, 190.0489 at $5.23, 183.6024 at $5.42, 167.5991 at $5.94, and 209.4096 at $4.75, all through the Citizens, Inc. Stock Investment Plan.
How were the CIA stock purchases by Guerrero executed according to the Form 4 footnotes?
The footnotes state these CIA Class A common stock purchases were made through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction, and are coded as small acquisitions under Rule 16a-6.
AI-generated analysis. How Rhea-AI works. Not financial advice.
