Palomar (PLMR) Director Richard H. Taketa Receives RSU Award

What Happened Richard H. Taketa, a director of Palomar Holdings, was granted 1,304 restricted stock units (RSUs) on 2026-05-21. The Form 4 reports the acquisition price as $0.00 (this reflects a grant of RSUs, not an open-market purchase or sale). RSUs are contingent rights that convert to shares upon vesting rather than immediate share transfers.

Key Details

• Transaction date: 2026-05-21 — Grant of 1,304 RSUs at $0.00 per unit.
• Filing date: 2026-05-26 (filed 5 days after the transaction; Form 4s are generally due within 2 business days, so this filing appears to be about one business day late).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — RSUs granted under the 2019 Equity Incentive Plan; vest in full on the earlier of (1) the first anniversary of the grant date or (2) the next annual meeting of stockholders, subject to continued service. F2 — Each RSU represents a contingent right to receive one share of common stock.
• No indication of a 10b5-1 plan, immediate sale, or tax-withholding disposition in the provided filing.

Context RSU grants are a common form of director compensation and do not represent an outright purchase or sale of stock at the grant date. The economic interest is realized only if and when the RSUs vest and are settled in shares (or otherwise). Because this was a grant, it should not be read as a direct buy/sell signal; any eventual market impact depends on whether and when the RSUs vest and are converted to shares.