Uchida T Christopher - 18 Nov 2021 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLMR	Restricted Stock Units (RSUs)	Award	$0	+30,594		$0.000000	30,594	18 Nov 2021	Common Stock	30,594		Direct	F1, F2
transaction	PLMR	Performance Share Units (PSUs)	Award	$0	+56,818		$0.000000	56,818	18 Nov 2021	Common Stock	56,818		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each RSU represents a contingent right to receive one share of Palomar Holdings, Inc. Common Stock.
F2	Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 7,648 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 7,648 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 7,648 shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date; after the third anniversary of the Grant Date/Vesting Base Date, 1,530 shares shall vest on a quarterly basis thereafter, until fully vested.
F3	Each PSU represents a contingent right to receive one share of Palomar Holdings, Inc. Common Stock.
F4	The PSUs that become earned shall vest in eight equal installments provided that the applicable performance goal for each individual installment has been achieved, and shall vest on December 31, 2026 subject to the continuous service of the Reporting Person as an Employee of the Issuer through such date. The applicable performance goal for each tranche will be satisfied if the Issuer's Common Stock achieves a specified per share market price for such tranche for at least 30 consecutive trading days. If the applicable performance goals have not been achieved by December 31, 2026 or such earlier date that the Reporting Person ceases to be an Employee before December 31, 2026, all unvested PSUs will be forfeited.