Grant Angela L. 4/A
Research Summary
AI-generated summary
Palomar (PLMR) CLO Angela Grant Exercises Derivative, Sells 397 Shares
What Happened
- Angela L. Grant, Chief Legal Officer of Palomar Holdings (PLMR), had 1,094 shares become issuable through a derivative exercise/conversion on 2026-01-29 (acquired at $0.00). On the same date she sold 397 shares in an open-market transaction at $122.04 each, generating $48,451. The sale was a mandatory sell-to-cover to satisfy minimum tax withholding related to an RSU vesting event.
Key Details
- Transaction date: 2026-01-29 (converted 1,094 shares; sold 397 shares @ $122.04).
- Proceeds from sale: $48,451.
- Net shares added to holdings from these transactions: 697 shares (1,094 acquired – 397 sold).
- Footnote: Sale was an automatic mandatory sell-to-cover to cover statutory tax withholding on RSU vesting (F1).
- Filing status: This is an amended Form 4 correcting the transaction date from an earlier filing on 2026-02-02 (clerical correction per F2).
Context
- The derivative conversion at $0.00 likely reflects vested RSUs being converted into common shares rather than a cash purchase; the subsequent sale was a routine tax-withholding sale (not necessarily an expression of market sentiment).
- No indication in this filing that the insider used a 10b5-1 plan; amounts beneficially owned after the transactions were not reported in the information provided.