Palomar Holdings (PLMR) CRO stock sale tied to tax withholding
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) reported insider equity activity by Chief Risk Officer Jonathan Knutzen on 2026-08-18. Knutzen exercised 612 Restricted Stock Units, converting them into 612 shares of common stock at $0.00 per share as part of a previously granted RSU award. On the same date, 296 of these shares were automatically sold by the company under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding obligations, at a price of $127.7456 per share. A footnote also states that his direct holdings include 1,410 shares acquired through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Knutzen Jonathan
Role
Chief Risk Officer
Sold
296 shs ($38K)
Approx. gross sale proceeds
$38K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3 | 612 | $0.00 | $0.00 |
| Exercise | Common Stock (RSUs) F2 | 612 | $0.00 | $0.00 |
| Sale | Common Stock (RSUs) F1, F2 | 296 | $127.7456 | $38K |
Holdings After Transaction:
Restricted Stock Units — 612 shares (Direct);
Common Stock (RSUs) — 28,250 shares (Direct)
Footnotes (3)
- 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. Includes 1,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F3. The original RSU grant was for 12,238 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 2,448 units shall vest on the first year anniversary of the date of the grant; 2,447 units shall vest on the second year anniversary of the date of the grant; 2,447 units shall vest on the third year anniversary of the date of grant; and 612 units shall vest quarterly following the third anniversary date of the grant.
Key Figures
RSUs exercised: 612 units
Shares sold (sell-to-cover): 296 shares
Sale price per share: $127.7456 per share
+3 more
6 metrics
RSUs exercised
612 units
Restricted Stock Units converted into common stock on 2026-08-18
Shares sold (sell-to-cover)
296 shares
Automatic sale to cover minimum statutory tax withholding on 2026-08-18
Sale price per share
$127.7456 per share
Price for the 296-share automatic tax-withholding sale
RSU grant size
12,238 units
Original RSU grant to Jonathan Knutzen on 11/18/2021
ESPP shares held
1,410 shares
Shares purchased through the Palomar Holdings, Inc. 2019 ESPP
Shares following derivative transaction
612.0000 shares
Reported total following the RSU conversion transaction
Key Terms
Restricted Stock Units, sell-to-cover provision, minimum statutory tax withholding obligations, Employee Stock Purchase Plan, +1 more
5 terms
Restricted Stock Units financial
"The original RSU grant was for 12,238 shares on 11/18/2021."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell-to-cover provision financial
"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."
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 financial
"Includes 1,410 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transactions did PLMR Chief Risk Officer Jonathan Knutzen report on 2026-08-18?
He exercised 612 RSUs into common stock and, in a related transaction, 296 shares were automatically sold under a mandatory sell-to-cover provision to cover minimum statutory tax withholding obligations arising from the RSU vesting.
What RSU award is associated with Jonathan Knutzen’s 2026-08-18 PLMR Form 4 transactions?
The transactions relate to an original RSU grant of 12,238 units dated 11/18/2021, which vests in scheduled annual tranches and then 612 units quarterly following the third anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
