PLMR president reports RSU grant and tax share sale
Palomar Holdings, Inc. President Jon Christianson reported equity award activity and a small tax-related share sale.
Rhea-AI Filing Summary
Palomar Holdings, Inc. President Jon Christianson reported equity award activity and a small tax-related share sale. On January 28, 2026, he received 7,912 restricted stock units (RSUs) at an exercise price of $0.00, which will vest in three equal annual installments starting one year after the grant date.
On the same date, a previously granted performance stock unit (PSU) award vested after the Compensation Committee confirmed achievement of financial performance goals and service conditions, resulting in 5,345 shares of common stock being earned. To cover minimum statutory tax withholding from this vesting, the company automatically sold 1,991 shares at $119.88 per share under a mandatory sell-to-cover provision. Following these transactions, Christianson directly held 62,985 shares of common stock and 7,912 RSUs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 7,912 | $0.00 | $0.00 |
| Exercise | Common Stock (PSUs) | 5,345 | $0.00 | $0.00 |
| Sale | Common Stock (PSUs) | 1,991 | $119.88 | $239K |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Includes 2,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F2. Represents the date on which the Compensation Committee ratified the achievement of certain company financial performance criteria related to a previously granted performance stock unit ("PSU") award causing the award to become vested.
- F3. Represents the number of shares of common stock determined to have been earned and vested from a previously granted PSU award. The PSU award was granted on 1/31/2023 and vested based on i. the grantee completing the required service period through 1/1/2026 and ii. the Compensation Committee ratifying the number of shares earned based on the achievement of certain company financial performance criteria.
- F4. Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the PSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the PSU vesting event.
- F5. The original RSU grant was for 7,912 shares on 1/28/2026. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PLMR President Jon Christianson report on January 28, 2026?
How many PLMR restricted stock units did Jon Christianson receive in this Form 4 filing?
What performance stock unit (PSU) vesting was disclosed for PLMR in this insider filing?
What are Jon Christianson’s PLMR holdings after the reported Form 4 transactions?
How do the new PLMR RSUs for Jon Christianson vest over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.