Palomar (PLMR) Director Reports 1,000-Share Purchases on Form 4
Rhea-AI Filing Summary
Insider purchases at Palomar Holdings (PLMR): Richard H. Taketa, a company director, purchased 500 shares of Palomar common stock on 08/18/2025 at $121.14 and an additional 500 shares on 08/19/2025 at $120.76, bringing his reported beneficial ownership to 44,726 shares. The Form 4 was signed by an attorney-in-fact on 08/19/2025. The filing records two non-derivative purchases totaling 1,000 shares.
Positive
- Director purchased shares, signaling direct investment in the company by an insider
- Total of 1,000 shares acquired across two days, increasing reported beneficial ownership to 44,726 shares
- Transactions were reported on Form 4, indicating compliance with Section 16 reporting rules
Negative
- None.
Insights
TL;DR: A director made modest incremental purchases totaling 1,000 shares, increasing reported holdings to 44,726 shares.
The transactions are routine insider purchases recorded on Form 4 and do not involve derivative instruments. The purchases occurred across two consecutive trading days at average prices near $121, resulting in a modest increase in the director's direct ownership. There is no additional context in the filing about planned future transactions or a Rule 10b5-1 plan. For investors, this is a straightforward disclosure of insider buying activity without material changes to ownership percentages disclosed in this form.
TL;DR: Director-level open-market purchases were disclosed; the filing shows compliance with Section 16 reporting requirements.
The Form 4 documents timely reporting of two open-market purchases by a director, indicating adherence to disclosure obligations. The form lists direct ownership and does not show indirect holdings or derivative positions. The signature was executed by an attorney-in-fact, which is properly disclosed. This filing is procedural and informational, reflecting standard insider activity rather than corporate governance changes.