Form 4: Citizens, Inc. Executive Bryon Matthew Lewis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Operations Officer Bryon Matthew Lewis reports transactions involving Citizens, Inc. Class A Common Stock and Restricted Stock Units.
Summary
- On March 28, 2025, Bryon Matthew Lewis, Chief Operations Officer of Citizens, Inc., reported transactions involving Citizens, Inc. Class A Common Stock and Restricted Stock Units (RSUs).
- Lewis acquired 2,587 shares of Class A Common Stock through vesting of RSUs and another 4,673 shares through vesting of additional RSUs.
- He also disposed of 767 shares and 1,386 shares to cover tax obligations related to the vesting of RSUs, at a price of $4.66 per share.
- Additionally, Lewis was granted 6,593 RSUs on March 31, 2025, which vest in three equal annual installments starting March 31, 2026.
- Lewis directly owns 11,728.8062 shares of Citizens, Inc. Class A Common Stock following the reported transactions.
- Lewis directly owns 6,593 Restricted Stock Units granted on March 31, 2025.
- Lewis directly owns 1,278 Restricted Stock Units granted on July 15, 2022.
- Lewis directly owns 5,251 Restricted Stock Units granted on August 15, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting neutral sentiment as it reports factual transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- Shareholders may view this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 07/15/2022 | Reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (July 15, 2023) and the second anniversary date of the grant (July 15, 2024) and the third anniversary date of the grant (July 15, 2025) |
| 08/15/2023 | 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) |
| 03/28/2024 | Reporting person was granted an award of restricted stock units (RSUs) under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance and 2024 long-term incentive. |
| 03/28/2025 | Date of earliest transaction; vesting of RSUs and disposition of shares for tax obligations. |
| 03/31/2025 | Reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Class A Common Stock, Citizens, Inc., Lewis, Insider Trading
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