PEREZ REY JR (Sr VP - CLO & Secretary) exercised options at NATIONAL WESTERN LIFE GROUP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 10 exercises

PEREZ REY JR

Filed: 12/13/2023ACC: 0001637378-23-000002

InsiderPEREZ REY JRCIK 1637378

→

IssuerNATIONAL WESTERN LIFE GROUP, INC.CIK 1635984

Officer· Sr VP - CLO & Secretary

Since Dec 2018

-6.63K

Net shares

Net seller

$3.19M

Total sold

Open market trades

0B · 0S

Total transactions

6.63K acquired · 13.26K disposed

Non-Derivative Transactions18

Class A Common Stock

Direct

M · Option Exercise

+332.00

Price / share

—

Trade value

—

% of position

301.8%

12/11/2023

110.00→442.00

Class A Common Stock

Direct

M · Option Exercise

−332.00

Price / share

$480.32

Trade value

$159.47K

% of position

75.1%

12/11/2023

442.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+500.00

Price / share

$210.22

Trade value

$105.11K

% of position

454.5%

12/11/2023

110.00→610.00

Class A Common Stock

Direct

D · Disposition

−500.00

Price / share

$481.54

Trade value

$240.77K

% of position

82.0%

12/11/2023

610.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+291.00

Price / share

$216.48

Trade value

$63K

% of position

264.5%

12/11/2023

110.00→401.00

Class A Common Stock

Direct

D · Disposition

−291.00

Price / share

$481.54

Trade value

$140.13K

% of position

72.6%

12/11/2023

401.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+213.00

Price / share

$311.16

Trade value

$66.28K

% of position

193.6%

12/11/2023

110.00→323.00

Class A Common Stock

Direct

D · Disposition

−213.00

Price / share

$481.54

Trade value

$102.57K

% of position

65.9%

12/11/2023

323.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+198.00

Price / share

$334.34

Trade value

$66.20K

% of position

180.0%

12/11/2023

110.00→308.00

Class A Common Stock

Direct

D · Disposition

−198.00

Price / share

$481.54

Trade value

$95.34K

% of position

64.3%

12/11/2023

308.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+375.00

Price / share

$303.77

Trade value

$113.91K

% of position

340.9%

12/11/2023

110.00→485.00

Class A Common Stock

Direct

D · Disposition

−375.00

Price / share

$481.54

Trade value

$180.58K

% of position

77.3%

12/11/2023

485.00→110.00

Class A Common Stock

Direct

M · Option Exercise

+1.15K

Price / share

$252.91

Trade value

$289.83K

% of position

1041.8%

12/11/2023

110.00→1.26K

Class A Common Stock

Direct

D · Disposition

−1.15K

Price / share

$481.54

Trade value

$551.84K

% of position

91.2%

12/11/2023

1.26K→110.00

Class A Common Stock

Direct

M · Option Exercise

+2.21K

Price / share

$192.10

Trade value

$424.93K

% of position

2010.9%

12/11/2023

110.00→2.32K

Class A Common Stock

Direct

D · Disposition

−2.21K

Price / share

$481.54

Trade value

$1.07M

% of position

95.3%

12/11/2023

2.32K→110.00

Class A Common Stock

Direct

M · Option Exercise

+1.36K

Price / share

$218.44

Trade value

$298.17K

% of position

1240.9%

12/11/2023

110.00→1.48K

Class A Common Stock

Direct

D · Disposition

−1.36K

Price / share

$481.54

Trade value

$657.30K

% of position

92.5%

12/11/2023

1.48K→110.00

Total

Net shares

+0.00

Net value

-$1.77M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+332.00	—	—	301.8%	110.00	442.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	−332.00	$480.32	$159.47K	75.1%	442.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+500.00	$210.22	$105.11K	454.5%	110.00	610.00
Class A Common Stock Direct	12/11/2023	D · Disposition	−500.00	$481.54	$240.77K	82.0%	610.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+291.00	$216.48	$63K	264.5%	110.00	401.00
Class A Common Stock Direct	12/11/2023	D · Disposition	−291.00	$481.54	$140.13K	72.6%	401.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+213.00	$311.16	$66.28K	193.6%	110.00	323.00
Class A Common Stock Direct	12/11/2023	D · Disposition	−213.00	$481.54	$102.57K	65.9%	323.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+198.00	$334.34	$66.20K	180.0%	110.00	308.00
Class A Common Stock Direct	12/11/2023	D · Disposition	−198.00	$481.54	$95.34K	64.3%	308.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+375.00	$303.77	$113.91K	340.9%	110.00	485.00
Class A Common Stock Direct	12/11/2023	D · Disposition	−375.00	$481.54	$180.58K	77.3%	485.00	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+1.15K	$252.91	$289.83K	1041.8%	110.00	1.26K
Class A Common Stock Direct	12/11/2023	D · Disposition	−1.15K	$481.54	$551.84K	91.2%	1.26K	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+2.21K	$192.10	$424.93K	2010.9%	110.00	2.32K
Class A Common Stock Direct	12/11/2023	D · Disposition	−2.21K	$481.54	$1.07M	95.3%	2.32K	110.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+1.36K	$218.44	$298.17K	1240.9%	110.00	1.48K
Class A Common Stock Direct	12/11/2023	D · Disposition	−1.36K	$481.54	$657.30K	92.5%	1.48K	110.00
Total			+0.00		-$1.77M

Derivative Transactions9

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

332.00 shares

−332.00

Strike price

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

500.00 shares

−500.00

Strike price

210.22

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

291.00 shares

−291.00

Strike price

216.48

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

213.00 shares

−213.00

Strike price

311.16

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

198.00 shares

−198.00

Strike price

334.34

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

375.00 shares

−375.00

Strike price

303.77

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.15K shares

−1.15K

Strike price

252.91

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

2.21K shares

−2.21K

Strike price

192.10

Held after

0.00

Exercisable

—

12/11/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.36K shares

−1.36K

Strike price

218.44

Held after

2.73K

Exercisable

—

12/11/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock332.00 shares	12/11/2023	M · Option Exercise	−332.00		—	0.00
Stock Appreciation Rights Direct	Class A Common Stock500.00 shares	12/11/2023	M · Option Exercise	−500.00	210.22	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock291.00 shares	12/11/2023	M · Option Exercise	−291.00	216.48	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock213.00 shares	12/11/2023	M · Option Exercise	−213.00	311.16	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock198.00 shares	12/11/2023	M · Option Exercise	−198.00	334.34	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock375.00 shares	12/11/2023	M · Option Exercise	−375.00	303.77	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock1.15K shares	12/11/2023	M · Option Exercise	−1.15K	252.91	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock2.21K shares	12/11/2023	M · Option Exercise	−2.21K	192.10	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock1.36K shares	12/11/2023	M · Option Exercise	−1.36K	218.44	—	2.73K