Citizens, Inc. (NYSE: CIA) chief actuary reports shares and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
CITIZENS, INC. Chief Actuary Seth Alan Hoxworth filed an initial statement of beneficial ownership of Class A common stock. The filing shows direct holdings of 5,351.6618 shares of Citizens, Inc. Class A common stock and a related award of 5,401 restricted stock units.
Each restricted stock unit represents a contingent right to receive one share of Class A common stock. The initial grant was issued on January 6, 2025, with the remaining units scheduled to vest in two equal parts on January 6, 2027 and January 6, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoxworth Seth Alan
Role
Chief Actuary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Citizens, Inc. Class A Common Stock | -- | -- | -- |
| holding | Citizens, Inc. Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Citizens, Inc. Class A Common Stock — 5,401 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. Initial grant was issued January 6, 2025 and remaining shares will vest 1/2 on January 6, 2027 and 1/2 on January 6, 2028.
FAQ
What does the Citizens, Inc. (CIA) Form 3 filing show for Seth Alan Hoxworth?
The Form 3 shows that Chief Actuary Seth Alan Hoxworth has reported initial beneficial ownership of Citizens, Inc. Class A common stock, including 5,351.6618 directly held shares and a separate award of 5,401 restricted stock units tied to future vesting dates.
What restricted stock units are reported in the Citizens, Inc. (CIA) Form 3?
The filing reports 5,401 restricted stock units, each representing a contingent right to receive one share of Citizens, Inc. Class A common stock. These units were initially granted on January 6, 2025 and remain subject to future time-based vesting conditions.
When will the Citizens, Inc. (CIA) restricted stock units vest for the Chief Actuary?
The remaining restricted stock units will vest in two stages: one-half on January 6, 2027 and the other half on January 6, 2028. Vesting must occur before the Chief Actuary receives the underlying Citizens, Inc. Class A common shares.
Does the Citizens, Inc. (CIA) Form 3 indicate any insider stock purchases or sales?
The Form 3 is an initial statement of beneficial ownership and does not show any explicit buy or sell transactions. It records existing holdings of Citizens, Inc. Class A common stock and related restricted stock units held directly by the Chief Actuary.