Overview
Cynthia H. Davis, who serves on the board of Citizens, Inc. (NASDAQ:CIA), disclosed a series of share purchases in recent months, including an indirect acquisition made through a spouse. The most recent filing with the Securities and Exchange Commission shows a March 25, 2026 transaction in which 100 shares were purchased at $4.525 per share, for a total of $452. This purchase was executed indirectly through her spouse, according to the Form 4 filing.
Details of reported purchases
In addition to the March transaction, the filings list several direct acquisitions of Citizens, Inc. Class A Common Stock by Ms. Davis earlier in 2026. On January 30, 2026, she acquired 53.2192 shares at $5.61 per share. On February 27, 2026, she added 53.2623 shares at $5.60 apiece. A later direct purchase on April 7, 2026, showed an acquisition of 55.0794 shares at $5.42 per share. These direct purchases sum to roughly $895, with executed prices ranging from $5.42 to $5.61 per share, as recorded in the filings.
After the transactions documented in the filings, Ms. Davis is reported to directly hold 46,128.1508 shares of Citizens, Inc. Class A Common Stock.
Market context noted in filing
The filing also cites a market snapshot: Citizens stock is trading at $5.69 and has gained 28% over the last year. An InvestingPro analysis included in the materials characterizes Citizens as appearing undervalued at current levels, and notes the company is among more than 1,400 US equities covered by comprehensive Pro Research Reports.
Executive compensation update
Separately, the company announced board-approved changes to the compensation package for Chief Executive Officer Jon Stenberg. The board amended Mr. Stenberg’s Executive Employment Agreement effective April 1, 2026. Under the amendment, his annual base salary will increase from $500,000 to $600,000. His annual bonus target will be raised from $400,000 to $480,000, and the target for his long-term incentive bonus is set to increase from $450,000 to $540,000 beginning in 2026. These adjustments were disclosed in a company press release referenced in the filings.
Takeaway
The documents filed with the SEC record modest insider purchases by a company director alongside a formal change in executive pay ratified by the board. The filings also include an InvestingPro assessment indicating that Citizens appears undervalued at its current trading level.
Note: This piece reports on the transactions and disclosures as recorded in SEC filings and the company press release. It reflects the information contained in those documents without additional interpretation.