Palomar Holdings (PLMR) CLO files amended Form 4 on RSU tax sale
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Palomar Holdings’ Chief Legal Officer, Angela Grant, filed an amended Form 4 to correct the transaction date for a prior insider transaction, noting the earlier date error was clerical. On 01/29/2026, 1,094 shares of common stock underlying RSUs were acquired at $0.00 upon vesting. That same day, 397 shares were automatically sold at $122.042 per share under a mandatory sell-to-cover provision to satisfy minimum tax withholding obligations. Following these transactions, Grant directly beneficially owned 5,939 shares of Palomar common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 397 shares ($48,451)
Net Sell
2 txns
Insider
Grant Angela L.
Role
Chief Legal Officer
Sold
397 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock (RSUs) | 1,094 | $0.00 | -- |
| Sale | Common Stock (RSUs) | 397 | $122.042 | $48K |
Holdings After Transaction:
Common Stock (RSUs) — 6,336 shares (Direct)
Footnotes (1)
- 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. This amended filing corrects the transaction date on a form previously filed on 2/2/2026 which contained the wrong transaction date due to a clerical error.
FAQ
What insider transaction did Palomar (PLMR) report for Angela Grant?
Palomar’s Chief Legal Officer Angela Grant reported RSU-related activity on 01/29/2026. 1,094 shares were acquired at $0.00 on RSU vesting, and 397 shares were automatically sold at $122.042 to cover minimum tax withholding, leaving her with 5,939 directly owned shares.
Why was the Palomar (PLMR) Form 4/A for Angela Grant amended?
The Form 4/A was filed to correct the transaction date on a previously filed report. The earlier Form 4, filed on 02/02/2026, contained the wrong transaction date due to a clerical error, and this amendment specifies the correct date of 01/29/2026.
What is a mandatory sell-to-cover provision in Palomar (PLMR) RSU awards?
A mandatory sell-to-cover provision requires automatic share sales when RSUs vest. For Angela Grant, Palomar sold 397 shares on 01/29/2026 at $122.042 per share to cover minimum statutory tax withholding due upon vesting of her 1,094-share RSU award.