Palomar CFO exercises 1,530 RSUs, sells 791 shares
Palomar Holdings, Inc. (PLMR) reported that Chief Financial Officer T Christopher Uchida exercised 1,530 Restricted Stock Units into 1,530 shares of Common Stock on August 18, 2026.
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Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) reported that Chief Financial Officer T Christopher Uchida exercised 1,530 Restricted Stock Units into 1,530 shares of Common Stock on August 18, 2026. Of these, 791 shares were automatically sold by the company under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding obligations upon vesting. The RSUs are part of an original 30,594-share grant from November 18, 2021, with a multi-year, updated vesting schedule.
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
791 shs ($101K)
Approx. gross sale proceeds
$101K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) F2 | 1,530 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,530 | $0.00 | $0.00 |
| Sale | Common Stock F1 | 791 | $127.741 | $101K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 1,530 contracts (Direct);
Common Stock — 16,238 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
RSUs exercised: 1,530 units
Common Stock acquired via RSU exercise: 1,530 shares
Common Stock sold: 791 shares
+4 more
7 metrics
RSUs exercised
1,530 units
Restricted Stock Units converted into Common Stock on August 18, 2026
Common Stock acquired via RSU exercise
1,530 shares
Shares received upon RSU conversion on August 18, 2026
Common Stock sold
791 shares
Automatic sell-to-cover transaction on August 18, 2026
Sale price
$127.7410 per share
Price for 791 Common Stock shares sold in tax-withholding transaction
Original RSU grant size
30,594 shares
RSUs granted on November 18, 2021 to the CFO
Annual vesting tranches
6,118 units each year
Vest on first, second, and third anniversaries of November 18, 2021 grant
Quarterly vesting units
1,530 units
Vest quarterly following the third anniversary of the grant date
Key Terms
Restricted Stock Units (RSUs), sell-to-cover, statutory tax withholding obligations, vesting, +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.
sell-to-cover financial
"pursuant to a mandatory sell-to-cover provision in the RSU award"
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.
statutory tax withholding obligations financial
"required to cover minimum statutory tax withholding obligations"
vesting financial
"the restricted stock units shall vest as follows"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLMR CFO T Christopher Uchida report on August 18, 2026?
He exercised 1,530 Restricted Stock Units into 1,530 shares of Palomar Holdings, Inc. (PLMR) Common Stock, with a portion of those shares then sold automatically to cover tax withholding obligations tied to the vesting event.
What is the size of the original RSU grant to PLMR CFO T Christopher Uchida?
The original Restricted Stock Unit grant to the CFO was for 30,594 shares on November 18, 2021. The footnote explains that this grant vests over multiple years with specified annual and quarterly vesting amounts, subject to continued service with the company.
How do the PLMR CFO’s RSUs vest according to this filing?
Subject to continued service, the RSUs vest as follows: 6,118 units on the first anniversary of the November 18, 2021 grant date, 6,118 units on the second anniversary, 6,118 units on the third anniversary, and 1,530 units vest quarterly after the third anniversary date.
Did this PLMR Form 4 update any prior RSU vesting information?
Yes. The footnote states that the vesting terms disclosed here “reflect updates from the vesting terms stated on the original form 4” filed November 18, 2021, due to erroneous vesting terms on that original Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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