Mac Armstrong - 15 Apr 2025 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
CEO and Chairman, Director
Signature
/s/ Angela Grant, Attorney-in-Fact
Issuer symbol
PLMR
Transactions as of
15 Apr 2025
Transactions value $
-$490,042
Form type
4
Filing time
17 Apr 2025, 16:15:11 UTC
Previous filing
21 Mar 2025
Next filing
23 Apr 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 +6,250 +9.3% $0 73,388 15 Apr 2025 Direct F2
transaction PLMR Common Stock (RSUs) Sale -$490,041 -3,202 -4.4% $153.04 70,186 15 Apr 2025 Direct F1, F2
holding PLMR Common Stock 67,138 15 Apr 2025 Direct F2
holding PLMR Common Stock 402,388 15 Apr 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 -6,250 -17% $0 31,250 15 Apr 2025 Common Stock 6,250 $0 Direct F3
* 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 2,555 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 125,000 shares on 7/15/2021. Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 25,000 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date; after the third anniversary of the Grant Date/Vesting Base Date, 6,250 shares shall vest on a quarterly basis thereafter, until fully vested.