Palomar CFO RSUs vest; shares sold for taxes
Palomar Holdings, Inc. Chief Financial Officer T Christopher Uchida reported routine equity compensation activity involving restricted stock units (RSUs).
Rhea-AI Filing Summary
Palomar Holdings, Inc. Chief Financial Officer T Christopher Uchida reported routine equity compensation activity involving restricted stock units (RSUs). On May 18, 2026, 1,530 RSUs were exercised at $0.00 and converted into common stock. The Company then automatically sold 783 shares at $115.26 per share under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding triggered by the vesting event. Following these transactions, Uchida directly holds 15,499 shares of common stock and 3,060 RSUs, reflecting ongoing multi-year vesting from a November 18, 2021 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Uchida T Christopher
Role
Chief Financial Officer
Sold
783 shs ($90K)
Approx. gross sale proceeds
$90K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 1,530 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,530 | $0.00 | $0.00 |
| Sale | Common Stock | 783 | $115.26 | $90K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 3,060 contracts (Direct);
Common Stock — 15,499 shares (Direct)
Footnotes (2)
- 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. The original RSU grant was for 30,594 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 6,118 units shall vest on the first year anniversary of the date of the grant; 6,118 units shall vest on the second year anniversary of the date of the grant; 6,118 units shall vest on the third year anniversary of the date of grant; and 1,530 units shall vest quarterly following the third anniversary date of the grant. These vesting terms reflect updates from the vesting terms stated on the original form 4, filed November 18, 2021, due to erroneous vesting terms being stated on the original form 4.
Key Figures
Automatic tax sale: 783 shares at $115.26
RSUs exercised: 1,530 RSUs at $0.00
Common shares held: 15,499 shares
+2 more
5 metrics
Automatic tax sale
783 shares at $115.26
Shares sold to cover tax withholding on May 18, 2026
RSUs exercised
1,530 RSUs at $0.00
Restricted stock units converted to common stock on May 18, 2026
Common shares held
15,499 shares
Direct common stock holdings after transactions
RSUs remaining
3,060 RSUs
Restricted stock unit balance after May 18, 2026 vesting
Original RSU grant size
30,594 units
Grant made on November 18, 2021 with multi-year vesting
Key Terms
Restricted Stock Units (RSUs), mandatory sell-to-cover provision, minimum statutory tax withholding obligations, vesting event, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"security_title: "Restricted Stock Units (RSUs)""
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.
mandatory sell-to-cover provision financial
"pursuant to a mandatory sell-to-cover provision in the RSU award agreement"
minimum statutory tax withholding obligations financial
"required to cover minimum statutory tax withholding obligations that became due"
vesting event financial
"tax withholding obligations that became due upon the RSU vesting event"
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Palomar (PLMR) CFO T Christopher Uchida report?
Palomar CFO T Christopher Uchida reported RSU vesting and related tax sales. 1,530 restricted stock units converted into common stock, and 783 shares were automatically sold to cover withholding taxes. These transactions reflect routine equity compensation activity rather than a discretionary stock sale.
How many Palomar (PLMR) restricted stock units vested for the CFO in this filing?
A total of 1,530 restricted stock units vested for the CFO and were exercised at $0.00 per unit into common stock. These RSUs are part of a larger grant made on November 18, 2021, with vesting spread over multiple years and quarterly installments after the third anniversary.
What are the Palomar (PLMR) CFO’s holdings after these transactions?
After the reported transactions, the CFO directly holds 15,499 shares of Palomar common stock and 3,060 restricted stock units. These figures reflect his position following the May 18, 2026 RSU vesting event and the automatic sale of shares to cover tax withholding obligations.
Was the Palomar (PLMR) CFO’s stock sale discretionary or for tax withholding?
The sale was for tax withholding, not a discretionary trade. Footnotes state the 783 shares were automatically sold by the company under a mandatory sell-to-cover provision to cover minimum statutory tax obligations arising from the RSU vesting event.
What are the key terms of the Palomar (PLMR) CFO’s 2021 RSU grant?
The original RSU grant on November 18, 2021 covered 30,594 units. Vesting occurs in annual tranches of 6,118 units for three years, then 1,530 units quarterly after the third anniversary, subject to continued service, reflecting updated terms from the initial Form 4 disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
