Mac Armstrong - Jan 27, 2022 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
CEO and Chairman, Director
Signature
/s/ Christopher Uchida, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Jan 27, 2022
Transactions value $
-$49,202
Form type
4
Date filed
1/31/2022, 08:14 PM
Previous filing
Jan 28, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +2.63K +135.22% $0.00 4.58K Jan 27, 2022 Direct F2
transaction PLMR Common Stock (RSUs) Tax liability -$49.2K -1.01K -22.01% $48.86 3.57K Jan 27, 2022 Direct F1, F2
holding PLMR Common Stock 1.95K Jan 27, 2022 Direct F2
holding PLMR Common Stock 695K Jan 27, 2022 By Armstrong Family Trust

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 Options Exercise $0 -2.63K -33.34% $0.00 5.26K Jan 27, 2022 Common Stock 2.63K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This entry represents the number of shares of common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
F2 Includes 1,337 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 7,889 shares on 1/27/2021. 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.