Mac Armstrong - Jan 31, 2024 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 31, 2024
Transactions value $
-$91,213
Form type
4
Date filed
2/2/2024, 07:39 PM
Previous filing
Jan 30, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock (RSUs) Options Exercise $0 +4.27K +9.67% $0.00 48.4K Jan 31, 2024 Direct F2
transaction PLMR Common Stock (RSUs) Sale -$91.2K -1.54K -3.19% $59.19 46.8K Jan 31, 2024 Direct F1, F2
holding PLMR Common Stock 44.1K Jan 31, 2024 Direct F2
holding PLMR Common Stock 489K Jan 31, 2024 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 (RSUs) Options Exercise $0 -4.27K -33.33% $0.00 8.53K Jan 31, 2024 Common Stock 4.27K $0.00 Direct F3
transaction PLMR Restricted Stock Units (RSUs) Award $0 +12.8K $0.00 12.8K Jan 31, 2023 Common Stock 12.8K $0.00 Direct F3
* 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 2,023 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 12,798 shares on 1/31/2023. 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.