Mac Armstrong - 15 Jan 2025 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
CEO and Chairman, Director
Signature
/s/ Angela Grant, Attorney-in-Fact
Issuer symbol
PLMR
Transactions as of
15 Jan 2025
Transactions value $
-$344,638
Form type
4
Filing time
21 Jan 2025, 16:06:21 UTC
Previous filing
03 Jan 2025
Next filing
22 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock Options Exercise $0 +6.25K +10.98% $0.00 63.2K 15 Jan 2025 Direct F2
transaction PLMR Common Stock Sale -$345K -3.15K -4.99% $109.27 60K 15 Jan 2025 Direct F1, F2
holding PLMR Common Stock 56.9K 15 Jan 2025 Direct F2
holding PLMR Common Stock 419K 15 Jan 2025 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 -6.25K -14.29% $0.00 37.5K 15 Jan 2025 Common Stock 6.25K $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 2,428 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F3 The original RSU grant was for 125,000 shares on 7/15/2021. Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 25,000 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 25,000 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, 6,250 shares shall vest on a quarterly basis thereafter, until fully vested.