Mac Armstrong - Jan 29, 2025 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
CEO and Chairman, Director
Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Jan 29, 2025
Transactions value $
-$264,783
Form type
4
Date filed
1/31/2025, 04:04 PM
Previous filing
Jan 28, 2025
Next filing
Feb 4, 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 +4.79K +7.64% $0.00 67.4K Jan 29, 2025 Direct F2
transaction PLMR Common Stock (RSUs) Sale -$265K -2.44K -3.62% $108.34 65K Jan 29, 2025 Direct F1, F2
holding PLMR Common Stock 62.6K Jan 29, 2025 Direct F2
holding PLMR Common Stock 412K Jan 29, 2025 By Armstrong Family Trust

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 -4.79K -33.34% $0.00 9.57K Jan 29, 2025 Common Stock 4.79K $0.00 Direct F3
transaction PLMR Restricted Stock Units (RSUs) Award $0 +17.2K $0.00 17.2K Jan 29, 2025 Common Stock 17.2K $0.00 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 2,428 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 14,360 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 17,156 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.