Palomar (PLMR) COO Herve Rodolphe reports RSU vesting and tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. Chief Operating Officer Herve Rodolphe reported RSU vesting and a related tax sale of shares. On January 29, 2026, 1,020 restricted stock units were converted into common shares at $0.00 exercise price, increasing his directly held RSUs to 2,040.
On the same date, 425 common shares were sold at $122.0425 per share under a mandatory sell-to-cover provision to satisfy minimum tax withholding triggered by the vesting. Following these transactions, he directly owned 2,758 common shares, which include 224 shares acquired through Palomar’s 2019 Employee Stock Purchase Plan, and 3,183 RSU-derived common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 425 shares ($51,868)
Net Sell
4 txns
Insider
Herve Rodolphe
Role
Chief Operating Officer
Sold
425 shs ($52K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 1,020 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSUs) | 1,020 | $0.00 | -- |
| Sale | Restricted Stock Units (RSUs) | 425 | $122.0425 | $52K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 2,040 shares (Direct);
Common Stock — 2,163 shares (Direct)
Footnotes (1)
- 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. Includes 224 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP). The original RSU grant was for 3,060 shares on 1/29/2025. 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.
FAQ
What insider transaction did Palomar (PLMR) COO Herve Rodolphe report?
Palomar COO Herve Rodolphe reported vesting of 1,020 restricted stock units and a related sale of 425 common shares. The sale was executed under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding obligations due at the RSU vesting event.
How many Palomar (PLMR) RSUs vested for the COO on January 29, 2026?
On January 29, 2026, 1,020 restricted stock units vested and were converted into Palomar common stock for the COO at a $0.00 exercise price. This vesting relates to an original 3,060-share RSU grant made on January 29, 2025 with three annual tranches.