SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Perez Rey JR
(Last) (First) (Middle)
850 E. ANDERSON LANE
(Street)
AUSTIN TX 78752
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
National Western Life Group, Inc. [ NWLI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
NWLIC President & COO
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 12/11/2023 M 332 A(1) $0 442 D
Class A Common Stock 12/11/2023 M 332 D(1) $480.32 110 D
Class A Common Stock 12/11/2023 M 500 A $210.22 610 D
Class A Common Stock 12/11/2023 D 500 D $481.54 110 D
Class A Common Stock 12/11/2023 M 291 A $216.48 401 D
Class A Common Stock 12/11/2023 D 291 D $481.54 110 D
Class A Common Stock 12/11/2023 M 213 A $311.16 323 D
Class A Common Stock 12/11/2023 D 213 D $481.54 110 D
Class A Common Stock 12/11/2023 M 198 A $334.34 308 D
Class A Common Stock 12/11/2023 D 198 D $481.54 110 D
Class A Common Stock 12/11/2023 M 375 A $303.77 485 D
Class A Common Stock 12/11/2023 D 375 D $481.54 110 D
Class A Common Stock 12/11/2023 M 1,146 A $252.91 1,256 D
Class A Common Stock 12/11/2023 D 1,146 D $481.54 110 D
Class A Common Stock 12/11/2023 M 2,212 A $192.1 2,322 D
Class A Common Stock 12/11/2023 D 2,212 D $481.54 110 D
Class A Common Stock 12/11/2023 M 1,365 A $218.44 1,475 D
Class A Common Stock 12/11/2023 D 1,365 D $481.54 110 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 12/11/2023 M 332 12/09/2023 12/09/2023 Class A Common Stock 332 $0(2) 0 D
Stock Appreciation Rights $210.22 12/11/2023 M 500 12/11/2014 12/11/2023(3) Class A Common Stock 500 $0 0 D
Stock Appreciation Rights $216.48 12/11/2023 M 291 02/17/2017 02/17/2026 Class A Common Stock 291 $0 0 D
Stock Appreciation Rights $311.16 12/11/2023 M 213 02/16/2018 02/16/2027 Class A Common Stock 213 $0 0 D
Stock Appreciation Rights $334.34 12/11/2023 M 198 12/13/2018 12/13/2027 Class A Common Stock 198 $0 0 D
Stock Appreciation Rights $303.77 12/11/2023 M 375 12/12/2019 12/12/2028 Class A Common Stock 375 $0 0 D
Stock Appreciation Rights $252.91 12/11/2023 M 1,146 12/11/2020 12/11/2029 Class A Common Stock 1,146 $0 0 D
Stock Appreciation Rights $192.1 12/11/2023 M 2,212 12/09/2021 12/09/2030 Class A Common Stock 2,212 $0 0 D
Stock Appreciation Rights $218.44 12/11/2023 M 1,365 12/14/2022(4) 12/14/2031 Class A Common Stock 1,365 $0 2,732 D
Explanation of Responses:
1. The Restricted Stock Unit vested in full on December 9, 2023, and without any action or discretion by the Reporting Person he received a cash payment equal to the value of the shares on the vesting date.
2. Each restricted stock unit represents a contingent right to receive, with no additional consideration payable, the cash value of one share of NWLI Class A common stock on the Date Exercisable.
3. The exercised SARs include 500 SARs with an exercise price of $210.22 per share that were scheduled to expire on December 11, 2023, in accordance with the original terms of the grant of those SARs.
4. The SARs are exercisable as they vest. The SARs vest in three equal annual installments beginning on the Date Exercisable.
Remarks:
Rey Perez 12/13/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
National Western Life (NASDAQ:NWLI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more National Western Life Charts.
National Western Life (NASDAQ:NWLI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more National Western Life Charts.