Palomar (PLMR) CFO T. Christopher Uchida Sells Shares

What Happened

• T. Christopher Uchida, Chief Financial Officer of Palomar Holdings (PLMR), had 1,530 restricted stock units convert to common shares on 2026-08-18 (recorded as a derivative exercise/ conversion). To cover required tax withholding on the vesting, 791 shares were sold in an open-market sale at $127.74 each, generating $101,043 in proceeds. The filing also records the 1,530-share conversion and related disposition associated with the withholding.

Key Details

• Transaction date: 2026-08-18 (Form filed 2026-08-20; filing appears timely)
• Vesting/Conversion: 1,530 RSUs converted to 1,530 common shares (recorded as M: exercise/conversion of derivative at $0.00)
• Sale: 791 shares sold in the open market at $127.74 for total proceeds of $101,043
• Footnote F1: The sale represents shares automatically sold by the company pursuant to a mandatory sell‑to‑cover provision to satisfy minimum statutory tax withholding on the RSU vesting.
• Footnote F2: Original RSU grant was 30,594 shares (11/18/2021); vesting schedule clarified — 1,530 units vest quarterly following the third anniversary.
• Shares owned after the transaction: not specified in this filing.

Context

• This was a routine vesting event (RSU conversion) with a company‑arranged sell‑to‑cover for taxes rather than a discretionary market sell driven by an investment view. For derivative entries: “M” indicates conversion/exercise of a derivative (here, RSUs converting to common shares). The only cash proceeds reported were from the sell‑to‑cover (open‑market sale) of 791 shares.