Palomar CPO RSUs vest; 480 shares sold for tax
Palomar Holdings, Inc. Chief People Officer Timothy Carter reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Palomar Holdings, Inc. Chief People Officer Timothy Carter reported routine equity compensation activity involving restricted stock units. On June 28, 2026, RSUs converted into 1,312 shares of common stock. The company then automatically sold 480 shares at about $124.29 per share to cover minimum statutory tax withholding, with the remaining shares added to his direct holdings. His reported position also includes 163 shares acquired through the company’s 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Carter Timothy
Role
Chief People Officer
Sold
480 shs ($60K)
Approx. gross sale proceeds
$60K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 492 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSUs) | 820 | $0.00 | $0.00 |
| Exercise | Common Stock | 492 | $0.00 | $0.00 |
| Sale | Common Stock | 180 | $124.2939 | $22K |
| Exercise | Common Stock | 820 | $0.00 | $0.00 |
| Sale | Common Stock | 300 | $124.2935 | $37K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 1,312 contracts (Direct);
Common Stock — 3,548 shares (Direct)
Footnotes (4)
- F1. Includes 163 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F2. 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.
- F3. The original RSU grant was for 1,476 shares on 6/28/2024. 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 2,460 shares on 6/28/2024. 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.
Key Figures
RSUs converted: 1,312 shares
Shares sold for taxes: 480 shares
Sale price (lot 1): $124.2935 per share
+5 more
8 metrics
RSUs converted
1,312 shares
Common stock received from RSU conversions on June 28, 2026
Shares sold for taxes
480 shares
Common stock automatically sold to cover tax withholding
Sale price (lot 1)
$124.2935 per share
300 shares of common stock sold
Sale price (lot 2)
$124.2939 per share
180 shares of common stock sold
Original RSU grant 1
1,476 shares
RSU grant dated June 28, 2024 with 3-year vesting schedule
Original RSU grant 2
2,460 shares
RSU grant dated June 28, 2024 with 3-year vesting schedule
ESPP shares held
163 shares
Common stock purchased under 2019 Employee Stock Purchase Plan
Net buy/sell shares
-480 shares
Net share change from buy/sell activity in this filing
Key Terms
Restricted Stock Units (RSUs), sell-to-cover provision, minimum statutory tax withholding obligations, Employee Stock Purchase Plan (ESPP), +1 more
5 terms
Restricted Stock Units (RSUs) financial
"The original RSU grant was for 1,476 shares on 6/28/2024."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
sell-to-cover provision financial
"Represents shares automatically sold by the Company ... pursuant to a mandatory sell-to-cover provision"
minimum statutory tax withholding obligations financial
"required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event"
Employee Stock Purchase Plan (ESPP) financial
"Includes 163 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Palomar Holdings (PLMR) report for Timothy Carter?
Palomar’s Chief People Officer Timothy Carter reported RSU vesting into 1,312 common shares and automatic sale of 480 shares for tax withholding. These transactions reflect routine equity compensation mechanics rather than discretionary buying or selling in the open market.
What RSU activity did Palomar (PLMR) disclose for Timothy Carter?
Palomar disclosed that restricted stock units converted into 1,312 common shares for Timothy Carter on June 28, 2026. These RSUs relate to larger grants made on June 28, 2024, which vest in three equal annual installments subject to continued service with the company.
What equity grants underlie Timothy Carter’s RSUs at Palomar (PLMR)?
Footnotes show two original RSU grants to Timothy Carter dated June 28, 2024, for 1,476 and 2,460 shares. Each grant vests in three equal one-third installments on the first, second, and third anniversaries of the grant date, contingent on his continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
