Christianson Jon 4
4 · Palomar Holdings, Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
PLMR President Jon Christianson Receives Award, Sells Shares
What Happened Jon Christianson, President of Palomar Holdings (PLMR), had 5,345 shares convert/vest from previously granted performance stock units (PSUs) on 2026-01-28 and immediately realized proceeds by selling 1,991 of those shares in the open market for $119.88 each (total $238,681). On the same date he was also granted 7,912 restricted stock units (RSUs) (no cash cost), subject to future vesting. The small open-market sale was an automatic sell-to-cover to satisfy tax withholding obligations, rather than an opportunistic discretionary sale.
Key Details
- Transaction date: 2026-01-28 (Form 4 filed 2026-01-30; appears timely).
- PSU vest/conversion: 5,345 shares acquired at $0.00 (footnotes F2–F3).
- Sell-to-cover: 1,991 shares sold @ $119.88 for $238,681 to cover tax withholding (footnote F4).
- New grant: 7,912 RSUs granted @ $0.00 on 1/28/2026 (footnote F5); vesting schedule: 1/3 each year over 3 years.
- ESPP note: filing includes 2,410 shares purchased under the company ESPP (footnote F1).
- Shares owned after the transactions: not specified in the provided summary — see the full Form 4 for total post-transaction holdings.
Context
- The M-code (exercise/conversion) reflects conversion/vesting of derivative awards (PSUs) rather than a cash purchase; the $0.00 acquisition price indicates the shares were awarded upon vesting.
- The sale was a routine, automatic sell-to-cover to meet tax obligations (not necessarily a bearish signal).
- The RSU grant is time-based and vests over three years (one-third each year), so those shares are subject to future service-based vesting.
Insider Transaction Report
Form 4
Christianson Jon
President
Transactions
- Exercise/Conversion
Common Stock (PSUs)
[F2][F3][F1]2026-01-28+5,345→ 64,976 total - Sale
Common Stock (PSUs)
[F4][F1]2026-01-28$119.88/sh−1,991$238,681→ 62,985 total - Award
Restricted Stock Units (RSUs)
[F5]2026-01-28+7,912→ 7,912 totalExercise: $0.00→ Common Stock (7,912 underlying)
Holdings
- 59,631
Common Stock
[F1]
Footnotes (5)
- [F1]Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- [F2]Represents the date on which the Compensation Committee ratified the achievement of certain company financial performance criteria related to a previously granted performance stock unit ("PSU") award causing the award to become vested.
- [F3]Represents the number of shares of common stock determined to have been earned and vested from a previously granted PSU award. The PSU award was granted on 1/31/2023 and vested based on i. the grantee completing the required service period through 1/1/2026 and ii. the Compensation Committee ratifying the number of shares earned based on the achievement of certain company financial performance criteria.
- [F4]Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the PSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the PSU vesting event.
- [F5]The original RSU grant was for 7,912 shares on 1/28/2026. 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.
Signature
/s/ Angela Grant, Attorney-in-Fact|2026-01-30