Palomar COO logs RSU vesting and tax share sales
Palomar Holdings, Inc. Chief Operating Officer Herve Rodolphe reported RSU vesting and related tax sales on 2026-07-31.
Rhea-AI Filing Summary
Palomar Holdings, Inc. Chief Operating Officer Herve Rodolphe reported RSU vesting and related tax sales on 2026-07-31. A total of 3,068 restricted stock units converted into common stock, drawn from prior grants of 3,231 and 5,975 RSUs that vest in three equal annual installments.
To cover tax withholding on this vesting, 1,207 shares of common stock were automatically sold by the company at $135.35 per share under a mandatory sell-to-cover provision linked to minimum statutory tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Herve Rodolphe
Role
Chief Operating Officer
Sold
1,207 shs ($163K)
Approx. gross sale proceeds
$163K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) F3 | 1,077 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSUs) F4 | 1,991 | $0.00 | $0.00 |
| Exercise | Common Stock (RSUs) F1 | 1,077 | $0.00 | $0.00 |
| Sale | Common Stock (RSUs) F2, F1 | 389 | $135.35 | $53K |
| Exercise | Common Stock (RSUs) F1 | 1,991 | $0.00 | $0.00 |
| Sale | Common Stock (RSUs) F2, F1 | 818 | $135.35 | $111K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 3,069 contracts (Direct);
Common Stock (RSUs) — 4,721 shares (Direct)
Footnotes (4)
- F1. Includes 326 shares 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 3,231 shares on 7/31/2024. 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 5,975 shares on 7/31/2024. 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 to common stock: 3,068 shares
Shares sold to cover taxes: 1,207 shares
Sell-to-cover price: $135.35 per share
+2 more
5 metrics
RSUs converted to common stock
3,068 shares
Total RSUs converting to common stock on 2026-07-31
Shares sold to cover taxes
1,207 shares
Common shares automatically sold to cover tax withholding on RSU vesting
Sell-to-cover price
$135.35 per share
Price for automatic sell-to-cover sales on 2026-07-31
RSU grant size (F3)
3,231 shares
Original RSU grant dated 7/31/2024 with three-year annual vesting
RSU grant size (F4)
5,975 shares
Second RSU grant dated 7/31/2024 with three-year annual vesting
Key Terms
Restricted Stock Units (RSUs), sell-to-cover, minimum statutory tax withholding, Employee Stock Purchase Plan (ESPP)
4 terms
Restricted Stock Units (RSUs) financial
"The original RSU grant was for 3,231 shares on 7/31/2024."
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 financial
"Represents shares automatically sold by the Company ... pursuant to a mandatory sell-to-cover provision"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
minimum statutory tax withholding financial
"required to cover minimum statutory tax withholding obligations that became due"
Employee Stock Purchase Plan (ESPP) financial
"Includes 326 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Palomar Holdings (PLMR) COO Herve Rodolphe report on this Form 4?
Herve Rodolphe reported 3,068 RSUs converting into Palomar common stock on 2026-07-31 and the automatic sale of 1,207 shares at $135.35 per share to cover tax withholding obligations under a mandatory sell-to-cover provision in his RSU award agreements.
How many Palomar (PLMR) RSUs vested for Herve Rodolphe on 2026-07-31?
On 2026-07-31, 3,068 RSUs vested and converted into Palomar common stock for Herve Rodolphe. These shares came from original RSU grants of 3,231 and 5,975 units, each scheduled to vest in three equal annual installments starting 7/31/2024.
What are the vesting terms of Herve Rodolphe’s Palomar (PLMR) RSU grants?
Two RSU grants of 3,231 and 5,975 shares, each dated 7/31/2024, vest in three equal annual installments. One-third vests on each of the first, second, and third anniversaries of the grant date, subject to Rodolphe’s continued service with Palomar.
Does this Palomar (PLMR) Form 4 indicate trades under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not marked as affirmative, and the sales are described as mandatory sell-to-cover transactions. The disclosure characterizes the dispositions as automatic company sales to fund tax withholding, not as trades executed under a Rule 10b5-1 plan.
What does the ESPP footnote mean for Palomar (PLMR) insider holdings?
A footnote states Rodolphe’s reported holdings include 326 shares purchased through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan. This clarifies that a portion of his common stock position was acquired via the company’s ESPP rather than through RSU grants alone.
AI-generated analysis. How Rhea-AI works. Not financial advice.
