Grant Angela L. 4
4 · Palomar Holdings, Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Palomar (PLMR) CLO Angela Grant Sells Shares, Receives Equity Awards
What Happened
Angela L. Grant, Chief Legal Officer of Palomar Holdings (PLMR), had multiple equity events on 2026-01-28. She converted 3,827 vested performance stock units (PSUs) into common shares (no cash paid). The company sold 1,447 of those shares on her behalf at $119.88 each (total $173,466) to cover tax withholding. Separately, she received a new grant of 3,581 restricted stock units (RSUs) that vest over three years.
Key Details
- Transaction date: 2026-01-28; Form 4 filed 2026-01-30 (appears timely).
- Converted/Acquired: 3,827 shares from vested PSUs (derivative conversion) at $0.00.
- Sold (open market, automatic sell-to-cover): 1,447 shares @ $119.88 = $173,466 (to satisfy minimum statutory tax withholding).
- New grant: 3,581 RSUs (grant date 1/28/2026); no cash exchanged. Vesting: 1/3 each year for three years.
- Net shares retained from the PSU vesting: 3,827 − 1,447 = 2,380 shares (held after the automatic sell-to-cover).
- Footnotes: F1–F3 explain Committee ratification of PSU performance, PSU grant date (1/31/2023) and vesting conditions, and mandatory sell‑to‑cover for taxes. F4 details the RSU vesting schedule.
- Shares owned after transaction: not specified in the provided excerpt.
Context
- The 3,827 "M" transaction reflects conversion/vesting of PSUs rather than an option cash exercise; the immediate sale of 1,447 shares was an automatic, company‑facilitated sell‑to‑cover to satisfy withholding—common and not necessarily a discretionary insider sale.
- The new 3,581 RSUs are time‑based and will vest over three years, which is a retention-style award rather than an immediate purchase signal.
- For retail investors, purchases or voluntary sales by insiders can be informative; mandatory sell-to-cover transactions are routine tax-related events.
Insider Transaction Report
Form 4
Grant Angela L.
Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock (PSUs)
[F1][F2]2026-01-28+3,827→ 6,689 total - Sale
Common Stock (PSUs)
[F3]2026-01-28$119.88/sh−1,447$173,466→ 5,242 total - Award
Restricted Stock Units (RSUs)
[F4]2026-01-28+3,581→ 3,581 totalExercise: $0.00→ Common Stock (3,581 underlying)
Holdings
- 2,862
Common Stock
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]The original RSU grant was for 3,581 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|2026-01-30