T Christopher Uchida - 29 Jan 2025 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
Chief Financial Officer
Signature
/s/ Angela Grant, Attorney-in-Fact
Issuer symbol
PLMR
Transactions as of
29 Jan 2025
Transactions value $
-$54,928
Form type
4
Filing time
31 Jan 2025, 16:00:24 UTC
Previous filing
28 Jan 2025
Next filing
04 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +1,409 +8.3% $0 18,352 29 Jan 2025 Direct F2
transaction PLMR Common Stock (RSUs) Sale -$54,928 -507 -2.8% $108.34 17,845 29 Jan 2025 Direct F1, F2
holding PLMR Common Stock 16,943 29 Jan 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLMR Restricted Stock Units (RSUs) Options Exercise $0 -1,409 -33% $0 2,817 29 Jan 2025 Common Stock 1,409 $0 Direct F3
transaction PLMR Restricted Stock Units (RSUs) Award $0 +5,823 $0 5,823 29 Jan 2025 Common Stock 5,823 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event.
F2 Includes 1,666 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 4,226 shares on 1/29/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.
F4 The original RSU grant was for 5,823 shares on 1/29/2025. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.