Carter Timothy 4
4 · Palomar Holdings, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Palomar (PLMR) Chief People Officer Timothy Carter Sells Shares
What Happened
Timothy Carter, Chief People Officer of Palomar Holdings (PLMR), had restricted/derivative awards convert to 1,312 shares (two conversions of 492 and 820 shares) on 2026-06-28 and sold a total of 480 shares in open-market transactions that same day (180 shares and 300 shares) at $124.29 each, bringing in $59,661. Some of the converted shares were also disposed of at $0 to satisfy tax withholding obligations.
Key Details
- Transaction date: 2026-06-28; Form filed 2026-06-30 (appears timely).
- Conversions/exercises (code M): +492 shares and +820 shares at $0.00 (total 1,312 shares converted/vested).
- Automatic derivative disposals (code M, $0): 492 and 820 shares — these reflect shares withheld/removed to cover taxes. (See F2.)
- Open-market sales (code S): 180 shares @ $124.29 = $22,373; 300 shares @ $124.29 = $37,288; combined proceeds = $59,661.
- Footnotes: F1 notes 163 shares were purchased under the company ESPP; F2 indicates mandatory sell-to-cover for RSU tax withholding; F3/F4 describe original RSU grants and multi-year vesting schedule (grants from 6/28/2024).
- Shares owned after the transactions: not specified in the provided filing details.
Context
- The M-code conversions at $0 typically reflect RSU vesting or a non-cash stock conversion rather than an option exercise requiring cash payment. The simultaneous $0 disposals indicate automatic sell-to-cover for tax withholding, while the separate S-code sales were open-market transactions generating cash proceeds.
- These transactions are routine for employees receiving RSUs and exercising/vesting shares; they are factual disclosures and do not by themselves indicate the insider’s view of the company.
Insider Transaction Report
Form 4
Carter Timothy
Chief People Officer
Transactions
- Exercise/Conversion
Common Stock
2026-06-28+492→ 1,850 total - Sale
Common Stock
[F2]2026-06-28$124.29/sh−180$22,373→ 1,670 total - Exercise/Conversion
Common Stock
2026-06-28+820→ 2,490 total - Sale
Common Stock
[F2]2026-06-28$124.29/sh−300$37,288→ 2,190 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F3]2026-06-28−492→ 492 totalExercise: $0.00→ Common Stock (492 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F4]2026-06-28−820→ 820 totalExercise: $0.00→ Common Stock (820 underlying)
Holdings
- 1,358
Common Stock
[F1]
Footnotes (4)
- [F1]Includes 163 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- [F2]Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event.
- [F3]The original RSU grant was for 1,476 shares on 6/28/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.
- [F4]The original RSU grant was for 2,460 shares on 6/28/2024. Subject to continuing service with the Company, the restricted stock units shall vest as follows: one-third (1/3) shall vest on the first year anniversary of the date of the grant; an additional one-third (1/3) shall vest on the second year anniversary of the date of the grant; and the final one-third (1/3) shall vest on the third year anniversary of the date of grant.
Signature
Angela Grant, Attorney-in-Fact|2026-06-30