Mac Armstrong - Jan 26, 2023 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
CEO and Chairman, Director
Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
Jan 26, 2023
Transactions value $
-$144,226
Form type
4
Date filed
1/30/2023, 07:00 PM
Previous filing
Sep 20, 2022
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +5.4K +30.39% $0.00 23.2K Jan 26, 2023 Direct F2
transaction PLMR Common Stock (RSUs) Tax liability -$99K -2K -8.63% $49.54 21.2K Jan 26, 2023 Direct F1, F2
transaction PLMR Common Stock (RSUs) Options Exercise $0 +2.63K +12.42% $0.00 23.8K Jan 26, 2023 Direct F2
transaction PLMR Common Stock (RSUs) Tax liability -$45.2K -920 -3.87% $49.18 22.9K Jan 26, 2023 Direct F1, F2
holding PLMR Common Stock 569K Jan 26, 2023 By Armstrong Family Trust
holding PLMR Common Stock 17.8K Jan 26, 2023 Direct F2

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 -5.4K -33.34% $0.00 10.8K Jan 26, 2023 Common Stock 5.4K $0.00 Direct F3
transaction PLMR Restricted Stock Units Options Exercise $0 -2.63K -49.99% $0.00 2.63K Jan 26, 2023 Common Stock 2.63K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 1,666 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 16,193 shares on 1/26/2022. 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 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.