Palomar Holdings (PLMR) legal chief reports PSU vesting, RSUs and tax sale
Rhea-AI Filing Summary
Palomar Holdings Chief Legal Officer Angela L. Grant reported equity compensation and related share activity in the company’s stock. On January 28, 2026, a previously granted performance stock unit (PSU) award vested after the Compensation Committee confirmed that required financial performance goals were met and the service period was completed.
This vesting resulted in 3,827 shares of common stock being earned. To cover minimum tax withholding obligations from this vesting, 1,447 shares were automatically sold by the company at $119.88 per share under a mandatory sell-to-cover provision. After these transactions, Grant directly held 5,242 shares of common stock (from PSUs) and 2,862 additional common shares.
Grant also received a new grant of 3,581 restricted stock units (RSUs) at no cost. These RSUs are scheduled to vest in three equal annual installments starting on the first anniversary of the January 28, 2026 grant date, subject to her continued service with Palomar.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 3,581 | $0.00 | -- |
| Exercise | Common Stock (PSUs) | 3,827 | $0.00 | -- |
| Sale | Common Stock (PSUs) | 1,447 | $119.88 | $173K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. 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. 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. The original RSU grant was for 3,581 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.