Kinlaw Sheryl L 4
4 · CITIZENS, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Citizens (CIA) CLO Sheryl Kinlaw Converts RSUs; Shares Withheld
What Happened
- Sheryl L. Kinlaw, Chief Legal Officer of Citizens, Inc. (CIA), had restricted stock units (RSUs) convert to 26,075 shares on March 28, 2026 (two conversions: 15,172 and 10,903 shares).
- To satisfy tax withholding, 6,350 of those shares were withheld/disposed (3,695 and 2,655 shares) at $4.58 per share, producing withholding proceeds of $16,923 and $12,160 (total $29,083).
- This was not an open‑market purchase or sale for investment—rather a routine vesting/conversion of RSUs with shares withheld to cover tax obligations.
Key Details
- Transaction date: March 28, 2026. Codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (share withholding).
- Conversion amounts: 15,172 and 10,903 RSUs converted (total 26,075 shares).
- Withheld for taxes: 3,695 + 2,655 = 6,350 shares at $4.58/share; total tax withholding value reported $29,083.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: RSUs were granted in prior years (grants referenced from March 31, 2023; March 28, 2024; March 31, 2025) and vest in multi‑year installments. Each RSU represents a right to one share.
- No late filing indicator was provided in the summary data.
Context
- This is a standard vesting/settlement of RSUs (derivative conversion). A portion of vested shares was withheld to cover tax obligations (a “net settlement”/tax withholding), which is routine and does not necessarily signal a change in insider sentiment.
- Transaction codes: M = conversion/exercise of a derivative (here RSUs converting to shares); F = disposition to pay taxes.
Insider Transaction Report
Form 4
Kinlaw Sheryl L
Chief Legal Officer
Transactions
- Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F1]2026-03-28+15,172→ 84,461 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-28$4.58/sh−3,695$16,923→ 80,766 total - Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F2]2026-03-28+10,903→ 91,669 total - Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-28$4.58/sh−2,655$12,160→ 89,014 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-28−15,172→ 15,174 total→ Class A Common Stock (15,172 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F2]2026-03-28−10,903→ 10,904 total→ Class A Common Stock (10,903 underlying)
Holdings
- 8,536
Restricted Stock Units
[F3][F4]→ Class A Common Stock (8,536 underlying) - 15,384
Restricted Stock Units
[F3][F5]→ Class A Common Stock (15,384 underlying)
Footnotes (5)
- [F1]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).
- [F2]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).
- [F3]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- [F4]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).
- [F5]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).
Signature
/s/Sheryl Kinlaw, Chief Legal Officer|2026-03-31