BEISER SCOTT L 4
Research Summary
AI-generated summary
Palomar (PLMR) Director Scott Beiser Receives RSU Award
What Happened
- Scott L. Beiser, a director of Palomar Holdings, Inc. (PLMR), received equity awards on 2026-05-21 consisting of two restricted stock unit (RSU) grants: 869 RSUs and 1,304 RSUs, for a total of 2,173 RSUs. Each RSU represents a contingent right to one share of common stock and was reported at $0.00 (standard for RSUs, which are not purchased).
- These awards were reported on a Form 4 filed 2026-05-26. This is an award/grant (SEC transaction code "A"), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (appears timely given the filing deadline and the May 25 holiday).
- Award amounts: 869 RSUs and 1,304 RSUs (total 2,173 RSUs); reported price per RSU: $0.00.
- Vesting: Per the filing, the RSUs vest in full upon the earlier of (1) the first anniversary of the grant date or (2) the next annual meeting of stockholders, subject to Beiser’s continued service.
- Each RSU converts to one share of common stock when vested (contingent right).
- Shares owned after the transaction are not specified in the provided summary of the filing.
Context
- RSU grants are common form of compensation for directors and executives; they represent future equity subject to vesting conditions rather than an immediate purchase. They do not necessarily indicate a personal cash investment or immediate change in market supply.
- This filing reports an award (code A). For retail investors, purchases often signal a direct bullish personal investment, while awards primarily reflect compensation.