|4/AFeb 4, 7:30 PM ET

Carter Timothy 4/A

Research Summary

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Palomar (PLMR) CPO Timothy Carter Converts RSUs — 610 Shares

What Happened

  • Timothy Carter, Chief People Officer of Palomar Holdings (PLMR), had a derivative conversion on 2026-01-29 that resulted in 610 shares being reported as "Disposed" with an exercise/conversion price of $0.00 (total $0). The 610 shares represent one-third of a 1,829-share RSU grant originally issued 1/29/2025 that vests in three annual installments.

Key Details

  • Transaction date: 2026-01-29 (amended Form 4 filed 2026-02-04; original filing on 2026-02-02 contained the wrong transaction date and was corrected)
  • Transaction type/code: Exercise/Conversion of derivative (Code M); disposition of 610 shares reported at $0.00
  • Shares after transaction: Not disclosed in this filing
  • Footnotes: F1 describes the original 1,829 RSU grant and three-year vesting (one-third each year). F2 explains this filing corrects a clerical error in the prior Form 4.
  • No 10b5-1 plan or sale-for-cash information provided in this filing.

Context

  • This was a conversion/vesting event (RSUs becoming common stock), not an open-market purchase or a straightforward sale. The Form 4 shows the shares as "Disposed" at $0; the filing does not specify the reason for the disposition (for example, tax withholding or sale), so no inference should be drawn about Mr. Carter’s market view. Amended filing only corrects the transaction date.