Citizens CIO exercises RSUs, pays tax in shares
Citizens, Inc. Chief Information Officer Paula L. Guerrero exercised 3,034 restricted stock units into Class A common stock on March 28, 2026 at an exercise price of $0.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Citizens, Inc. Chief Information Officer Paula L. Guerrero exercised 3,034 restricted stock units into Class A common stock on March 28, 2026 at an exercise price of $0.00 per share. To cover tax obligations, 1,066 shares were withheld at $4.58 per share, leaving her with 14,677.9844 Class A shares held directly afterward. Earlier in the year, she made two small direct acquisitions of 177.3979 shares at $5.61 and 177.5414 shares at $5.60 through the Citizens, Inc. Stock Investment Plan via regular monthly payroll deductions. She also continues to hold several RSU awards that each convert into one share of Class A common stock upon vesting.
Insider Trade Summary
3,034 shares exercised/converted
Exercise
8 txns
Insider
Guerrero Paula L
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,034 | $0.00 | $0.00 |
| Exercise | Citizens, Inc. Class A Common Stock | 3,034 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Citizens, Inc. Class A Common Stock | 1,066 | $4.58 | $5K |
| Small Acquisition | Citizens, Inc. Class A Common Stock | 177.5414 | $5.60 | $994.23 |
| Small Acquisition | Citizens, Inc. Class A Common Stock | 177.3979 | $5.61 | $995.20 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 18,106 contracts for 15,071 underlying shares (Direct);
Citizens, Inc. Class A Common Stock — 14,677.9844 shares (Direct)
Footnotes (7)
- F1. These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction.
- F2. 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).
- F3. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F4. Vesting is 1/3 on the first anniversary of the date of the grant (March 28, 2025), 1/3 on the second anniversary of the grant (March 28, 2026) and 1/3 on the third anniversary of the grant (March 28, 2027).
- F5. Initial grant was issued on August 15, 2023 and remaining number of shares will vest 1/2 on August 14, 2025 and 1/2 on August 15, 2026.
- F6. 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).
- F7. 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).
Key Figures
RSUs exercised: 3,034 units
Tax-withheld shares: 1,066 shares at $4.58
Shares after RSU and tax events: 14,677.9844 shares
+3 more
6 metrics
RSUs exercised
3,034 units
Converted to Class A common stock on March 28, 2026
Tax-withheld shares
1,066 shares at $4.58
Shares delivered to cover tax liability on March 28, 2026
Shares after RSU and tax events
14,677.9844 shares
Direct Citizens Class A holdings following March 28, 2026 transactions
Small acquisition Jan 30, 2026
177.3979 shares at $5.61
L-coded small acquisition under Rule 16a-6
Small acquisition Feb 27, 2026
177.5414 shares at $5.60
L-coded small acquisition via stock investment plan
Remaining RSU block
6,593 underlying shares
Largest individual RSU award outstanding, exercisable at $0.00
Key Terms
Restricted Stock Units, Citizens, Inc. Stock Investment Plan, Omnibus Incentive Plan, Rule 16a-6, +1 more
5 terms
Restricted Stock Units financial
"On March 28, 2024, the reporting person was granted an award of restricted stock units (RSUs)"
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. Stock Investment Plan financial
"These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction."
Omnibus Incentive Plan financial
"under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance."
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.
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6""
pay-for-performance financial
"for the 2024 pay-for-performance. The RSUs vest in three equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Citizens (CIA) executive Paula Guerrero report in this Form 4?
Paula L. Guerrero reported exercising 3,034 restricted stock units into Citizens Class A common stock and having 1,066 shares withheld for taxes. She also disclosed small monthly stock purchases through the company’s stock investment plan and updated her direct share and RSU holdings.
What RSU activity did Citizens (CIA) disclose for Paula Guerrero?
Guerrero exercised 3,034 restricted stock units into an equal number of Citizens Class A shares at a $0.00 exercise price. Footnotes explain these RSUs were granted under the Citizens Omnibus Incentive Plan and vest in three equal annual installments tied to pay-for-performance awards.
What ongoing RSU awards does Paula Guerrero have with Citizens (CIA)?
Derivative holdings list several restricted stock unit awards, each representing a contingent right to one Citizens Class A share. Footnotes describe grants in 2023, 2024, and 2025 under the Omnibus Incentive Plan, with vesting in three equal annual installments through March 2028 and August 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
