Palomar Holdings (NASDAQ: PLMR) director receives 1,304 RSUs equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taketa Richard H reported acquisition or exercise transactions in this Form 4 filing.
Palomar Holdings, Inc. director Richard H. Taketa received a grant of 1,304 Restricted Stock Units under the company’s 2019 Equity Incentive Plan. The RSUs vest in full upon the earlier of the first anniversary of the grant date or the next annual stockholder meeting, subject to continued service. Each RSU represents one share of common stock. Following this award, Taketa directly holds 46,030 shares of Palomar common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taketa Richard H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,304 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 46,030 shares (Direct, null)
Footnotes (1)
- The amount reported reflects Restricted Stock Units (RSUs) granted to the Reporting Person pursuant to Issuer's 2019 Equity Incentive Plan. Subject to the Reporting Person's continued service, the RSUs shall vest in full upon the earlier to occur of (1) the first anniversary of the Grant Date or (2) the next annual meeting of stockholders of the Company. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
RSUs granted: 1,304 units
Shares after transaction: 46,030 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
1,304 units
Equity award of Restricted Stock Units to director
Shares after transaction
46,030 shares
Direct common stock holdings following RSU grant
Grant price
$0.0000 per share
Compensation award, not a market purchase
Transaction code
A (Grant, award, or other acquisition)
Non-derivative common stock transaction classification
Key Terms
Restricted Stock Units (RSUs), 2019 Equity Incentive Plan, vest in full, contingent right
4 terms
Restricted Stock Units (RSUs) financial
"The amount reported reflects Restricted Stock Units (RSUs) granted to the Reporting Person pursuant to Issuer's 2019 Equity Incentive Plan."
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.
2019 Equity Incentive Plan financial
"RSUs granted to the Reporting Person pursuant to Issuer's 2019 Equity Incentive Plan."
vest in full financial
"the RSUs shall vest in full upon the earlier to occur of (1) the first anniversary of the Grant Date or (2) the next annual meeting of stockholders"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
FAQ
What insider transaction did Palomar (PLMR) disclose for Richard H. Taketa?
Palomar disclosed that director Richard H. Taketa received 1,304 Restricted Stock Units as an equity award. The grant was made under the 2019 Equity Incentive Plan and reflects compensation, not an open-market stock purchase or sale.
What are the vesting terms of Richard H. Taketa’s new Palomar RSUs?
The 1,304 Restricted Stock Units vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, provided Taketa continues serving the company through that vesting date.
Did Richard H. Taketa buy or sell Palomar (PLMR) stock in this transaction?
No open-market trade occurred. The Form 4 shows an acquisition coded as a grant or award, meaning Taketa received 1,304 RSUs as equity compensation rather than buying or selling shares in the market.