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Palomar Holdings, Inc.·4

Feb 2, 7:38 PM ET

Grant Angela L. 4

4 · Palomar Holdings, Inc. · Filed Feb 2, 2026

Research Summary

AI-generated summary of this filing

Updated

Palomar (PLMR) CLO Angela L. Grant Sells Shares After Vesting

What Happened

  • Angela L. Grant, Chief Legal Officer of Palomar Holdings (PLMR), had restricted stock units (RSUs) convert to common shares and sold a portion to cover tax withholding. The filing shows conversions of 1,094, 1,006 and 713 RSU shares (reported as derivative exercises/conversions) and open-market sales of 397, 365 and 260 shares respectively. The three sales produced total gross proceeds of $124,651 (397 @ $122.04 = $48,451; 365 @ $122.04 = $44,546; 260 @ $121.75 = $31,654). These were routine sell-to-cover transactions tied to RSU vesting rather than discretionary sell decisions.

Key Details

  • Filing date: 2026-02-02. Report period shown: 2026-01-29 (transactions dated 2025-01-29, 2026-01-29 and 2026-01-31 per the filing).
  • Conversions/exercises (derivative M): 1,094; 1,006; 713 shares (reported at $0 because these are RSU conversions).
  • Open-market sales (S): 397 @ $122.04; 365 @ $122.04; 260 @ $121.75 — total proceeds ≈ $124,651.
  • Shares owned after transaction: not specified in the provided data.
  • Footnotes: F1 = mandatory sell-to-cover by the company to satisfy minimum statutory tax withholding on RSU vesting. F2–F4 describe the original RSU grants and vesting schedules (2024 grant of 3,282 shares, 2025 grant of 3,019 shares, 2023 grant of 2,138 shares; each vests one-third per year).
  • No late filing flag was indicated in the provided information.

Context

  • These entries reflect RSU vesting and immediate partial sale to cover taxes (a common, routine administrative action), not an outright open-market sell indicating investment conviction. The derivative lines represent the conversion/vesting of RSUs (not a cash option exercise), and the subsequent sales are consistent with a mandatory sell-to-cover provision.

Insider Transaction Report

Form 4
Period: 2026-01-29
Palomar Holdings, Inc.PLMR
Grant Angela L.
Chief Legal Officer
Transactions
  • Exercise/Conversion

    Common Stock (RSUs)

    2025-01-29+1,094→ 6,336 total
  • Sale

    Common Stock (RSUs)

    [F1]
    2025-01-29$122.04/sh−397$48,451→ 5,939 total
  • Exercise/Conversion

    Common Stock (RSUs)

    2026-01-29+1,006→ 6,945 total
  • Sale

    Common Stock (RSUs)

    [F1]
    2026-01-29$122.04/sh−365$44,546→ 6,580 total
  • Exercise/Conversion

    Common Stock (RSUs)

    2026-01-31+713→ 7,293 total
  • Sale

    Common Stock (RSUs)

    [F1]
    2026-01-31$121.75/sh−260$31,654→ 7,033 total
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F2]
    2026-01-29−1,094→ 1,094 total
    Exercise: $0.00→ Common Stock (1,094 underlying)
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F3]
    2026-01-29−1,006→ 2,013 total
    Exercise: $0.00→ Common Stock (1,006 underlying)
  • Exercise/Conversion

    Restricted Stock Units (RSUs)

    [F4]
    2026-01-31−713→ 0 total
    Exercise: $0.00→ Common Stock (713 underlying)
Holdings

  • Common Stock

    5,242
Footnotes (4)
  • [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]The original RSU grant was for 3,282 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.
  • [F3]The original RSU grant was for 3,019 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.
  • [F4]The original RSU grant was for 2,138 shares on 1/31/2023. 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|2026-02-02

Documents

1 file
  • 4
    marketforms-71996.xmlPrimary

    PRIMARY DOCUMENT