Stenberg Jon 4

4 · CITIZENS, INC. · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 20, 2026

Citizens (CIA) CEO Jon Stenberg Converts RSUs; Withholds 11,944 Shares

What Happened

Jon Stenberg, President & CEO and a director of Citizens, Inc. (CIA), converted 45,249 restricted stock units (RSUs) into Class A common shares on March 18, 2026. As part of the transaction, 11,944 shares were withheld to satisfy tax withholding obligations at $4.63 per share (total withholding value $55,301), leaving a net issuance of 33,305 shares to Stenberg.
The Form 4 shows derivative conversion/exercise activity (code M) for the RSUs and a tax-withholding disposition (code F). One reporting line lists the derivative conversion at a $0.00 exercise price, which is typical for RSUs (they convert to shares without an exercise payment).

Key Details

Transaction date: March 18, 2026. Filing date: March 20, 2026 (appears timely).
Gross shares converted: 45,249 RSUs → 45,249 shares.
Shares withheld for taxes: 11,944 shares at $4.63 each = $55,301.
Net shares received by insider: 33,305 shares (45,249 − 11,944).
Shares owned after the transaction: not specified in the provided filing excerpt.
Relevant footnotes: F1–F4 confirm these were RSUs (each RSU = right to one share) and describe grant and vesting schedules (grants from March 2024 and March 2025 with three-year vesting schedules).
Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

This appears to be a standard RSU vest/settlement event, not an open-market buy or sale. RSU conversions commonly show a $0 exercise price because no cash option exercise is required; shares are simply issued and a portion withheld for taxes (a cashless or share-withholding settlement).
Such routine RSU settlements are common for executives and do not, by themselves, indicate a bullish or bearish signal about the company.

Form 4

Period: 2026-03-18

DirectorPresident & CEO

Transactions

Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F1]
2026-03-18+45,249→ 254,179 total
Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-18$4.63/sh−11,944$55,301→ 242,235 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-03-18−45,249→ 45,249 total
→ Class A Common Stock (45,249 underlying)

Holdings

Citizens, Inc. Class A Common Stock
(indirect: By Spouse)
130,100
Restricted Stock Units
[F1][F3]
→ Class A Common Stock (40,619 underlying)
40,619
Restricted Stock Units
[F1][F4]
→ Class A Common Stock (39,560 underlying)
39,560

Footnotes (4)

[F1]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
[F2]On March 18, 2024, 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 18, 2025) and the second anniversary of the date of the grant (March 18, 2026) and the third anniversary of the date of the grant (March 18, 2027).
[F3]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).
[F4]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/Jon Stenberg|2026-03-20

1 file