Christianson Jon 4/A
Research Summary
AI-generated summary
Palomar (PLMR) President Jon Christianson Exercises/Converts Derivatives
What Happened
- Jon Christianson, President of Palomar Holdings (PLMR), reported two derivative conversions/exercises on 2026-01-29 that resulted in the disposition of 1,327 and 1,787 shares (total 3,114 shares). The filing reports a per-share price of $0.00 and $0 total proceeds for each transaction (reported as "Disposed" in the Form 4).
Key Details
- Transaction date: 2026-01-29 (two conversions: 1,327 and 1,787 shares).
- Reported price / proceeds: $0.00 per share; $0 total reported value.
- Shares owned after transaction: not specified in the information provided here (see full Form 4 for post-transaction holdings).
- Footnotes: F1/F2 — these transactions relate to RSU grants: 3,979 RSUs granted 1/29/2024 and 5,360 RSUs granted 1/29/2025, each vesting in three annual installments (one-third each year). F3 — this is an amended filing correcting a clerical error in an earlier Form 4 (originally filed 2026-02-02).
- Filing timeliness: amended Form 4 was filed 2026-02-04 to correct the earlier filing; the transaction date was 2026-01-29 (see full filing for timing details and any late-filing implications).
Context
- The filing identifies these as derivative exercises/conversions (transaction code M). The shares are reported as "disposed" immediately upon conversion; that commonly reflects withholding or sale related to vesting or exercise, though the Form 4 here reports $0 proceeds. This is an administrative/compensation-related event tied to previously granted RSUs rather than an open-market buy or discretionary sale.