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Citizens Executive Compensation (FY25)

CIA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jon Stenberg
Latest say-on-pay support
=
June 16, 2026
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Data as of October 27, 2026Latest filing (8-K): June 18, 2026
10 filings cited on this page
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171 figures on this page: 164 cited to the filing that reported them, 7 calculated from figures it prints. See the citations

More on Citizens

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jon Stenberg: $1,435,264 → $1,487,735 (3.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Citizens' chief executive and what were they paid?
Total compensation for Jon Stenberg, Chief Executive Officer and President, came to $1,487,735 in fiscal 2025. Stenberg's total was 3.7% higher than the $1,435,264 reported for fiscal 2024.
What was Citizens' say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 99.0% support at the meeting held June 16, 2026.
Which companies are in Citizens' peer group?
The disclosed peer group names American Coastal Insurance Corporation, AMERISAFE, Inc., Atlantic American Corporation, Consumer Portfolio Services, Inc. and Global Indemnity Group, LLC, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerald Shields
Chief Executive Officer and President
◇———◇—◇◇
Jeffery Conklin
Vice President, Chief Financial Officer, Chief Investment Officer and Treasurer
◇—◇—◇—◇◇
Robert Mauldin
Vice President, Chief Marketing Officer
◇—◇—◇—◇◇
Harvey Waite
Vice President, Chief Actuary
◇—◇—◇—◇◇
Sheryl Kinlaw
Vice President, Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerald Shields
Former Chief Executive Officer and President
◇—◇—◇—◇◇
Robert Mauldin
Vice President, Chief Marketing Officer
◇—◇—◇—◇◇
Jeffery Conklin
Chief Financial Officer, Chief Investment Officer and Treasurer
◇—◇—◇—◇◇
Harvey Waite
Vice President, Chief Actuary
◇—◇—◇—◇◇
Sheryl Kinlaw
Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Stenberg
Chief Executive Officer and President
◇—◇—◇—◇◇
Gerald Shields
Former Chief Executive Officer and President
Departed during or after this year
◇—◇—◇—◇◇
Jeffery Conklin
Chief Financial Officer, Chief Investment Officer and Treasurer
◇—◇—◇—◇◇
Sheryl Kinlaw
Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Stenberg
Chief Executive Officer and President
◇—◇—◇—◇◇
Jeffery Conklin
Chief Financial Officer, Chief Investment Officer and Treasurer
◇—◇—◇—◇◇
Sheryl Kinlaw
Chief Legal Officer and Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jon StenbergRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Sheryl KinlawRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Jeffery ConklinRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jerry D. Davis Jr
◇◇————◇
Cynthia H. Davis
◇◇————◇
Christopher W. Claus
◇◇————◇
Dr. Terry S. Maness
◇◇————◇
J. Keith Morgan
◇◇————◇
Mary Taylor
◇◇————◇
Peter M. Carlson
◇◇————◇
Gerald W. Shields
◇—————◇
Michael Harwood
◇—————◇
Jon Stenberg served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Equity is delivered as restricted stock units.
Stock ownership guideline: We implemented Stock Ownership Guidelines for our directors, CEO and other Section 16 officers.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Coastal Insurance Corporation ACIC
  • AMERISAFE, Inc. AMSF
  • Atlantic American Corporation AAME
  • Consumer Portfolio Services, Inc. CPSS
  • Global Indemnity Group, LLC GBLI
  • HCI Group, Inc. HCI
  • Heritage Insurance Holdings, Inc. HRTG
  • Medallion Financial Corp. MFIN
  • NI Holdings, Inc. NODK
  • Palomar Holdings, Inc. PLMR
  • PRA Group, Inc. PRAA
  • Regional Management Corp. RM
  • Safety Insurance Group, Inc. SAFT
  • Stewart Information Services Corporation STC
  • Universal Insurance Holdings, Inc. UVE
  • World Acceptance Corporation WRLD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 16, 2026=◇◇◇
2024June 17, 2025=◇◇◇
2023June 18, 2024=◇◇◇
2021June 7, 2022=◇◇◇
2020June 1, 2021=◇◇◇
2019June 2, 2020=◇◇◇
2018June 4, 2019=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Jon Stenberg (Chief Executive Officer and President), FY2025 total compensation $1,487,735 (base salary $500,000) [exec_comp, SEC accession 0000024090-26-000019, filed 2026-04-30]

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What this page does not include

Everything above is a fact Citizens disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Citizens sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
171 figures on this page: 164 cited to the filing that reported them, 7 calculated from figures it prints.
164 cited to the filing
7 calculated from the filing

Documents cited

  1. 0000024090-26-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000024090-26-000019
    Compensation Tables · Director Compensation
  3. 0000024090-25-000096
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000024090-25-000052
    Compensation Tables
  5. 0000024090-24-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000024090-24-000079
    COMPENSATION TABLES
  7. 0000024090-22-000078
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000024090-21-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000024090-20-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000024090-19-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Citizens executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CIA (accessed 2026).
Short form: data: Velarion

The paid brief for Citizens

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Citizens discloses

The companies named in CIA's own disclosed peer group.

American Coastal Insurance CorporationAMERISAFE, Inc.Atlantic American CorporationConsumer Portfolio Services, Inc.Global Indemnity Group, LLCHCI Group, Inc.Heritage Insurance Holdings, Inc.Medallion Financial Corp.NI Holdings, Inc.Palomar Holdings, Inc.PRA Group, Inc.Regional Management Corp.Safety Insurance Group, Inc.Stewart Information Services CorporationUniversal Insurance Holdings, Inc.World Acceptance Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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