Palomar Holdings (PLMR) president sells shares to cover RSU taxes
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) reported insider equity activity by its President, Jon Christianson. On 2026-08-18, 1,020 RSUs vested and were converted into common stock, and 528 shares were then automatically sold under a mandatory sell-to-cover provision at $127.7463 per share to satisfy minimum statutory tax withholding obligations. The RSUs relate to an original 20,396-share grant from 2021 that vests over several years, and the President’s holdings also include 2,471 shares purchased through the company’s 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Christianson Jon
Role
President
Sold
528 shs ($67K)
Approx. gross sale proceeds
$67K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) F3 | 1,020 | $0.00 | $0.00 |
| Exercise | Common Stock (RSUs) F2 | 1,020 | $0.00 | $0.00 |
| Sale | Common Stock (RSUs) F1, F2 | 528 | $127.7463 | $67K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 1,020 shares (Direct);
Common Stock (RSUs) — 66,970 shares (Direct)
Footnotes (3)
- 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. Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F3. The original RSU grant was for 20,396 shares on 11/18/2021. Subject to continuing service with the Company, the restricted stock units shall vest as follows: 4,079 units shall vest on the first year anniversary of the date of the grant; 4,079 units shall vest on the second year anniversary of the date of the grant; 4,078 units shall vest on the third year anniversary of the date of grant; and 1,020 units shall vest quarterly following the third anniversary date of the grant.
Key Figures
RSUs vested and converted: 1,020 shares
Shares sold (sell-to-cover): 528 shares
Sale price per share: $127.7463 per share
+2 more
5 metrics
RSUs vested and converted
1,020 shares
Restricted Stock Units converted into common stock on 2026-08-18
Shares sold (sell-to-cover)
528 shares
Automatic sale to cover tax withholding on 2026-08-18
Sale price per share
$127.7463 per share
Price for 528-share automatic sale on 2026-08-18
Original RSU grant size
20,396 shares
RSU award granted on 11/18/2021
ESPP shares held
2,471 shares
Shares purchased under Palomar Holdings, Inc. 2019 ESPP
Key Terms
Restricted Stock Units (RSUs), sell-to-cover provision, minimum statutory tax withholding obligations, Employee Stock Purchase Plan (ESPP)
4 terms
Restricted Stock Units (RSUs) financial
"The original RSU grant was for 20,396 shares on 11/18/2021."
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 provision financial
"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"
minimum statutory tax withholding obligations financial
"required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event"
Employee Stock Purchase Plan (ESPP) financial
"Includes 2,471 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
FAQ
What insider transactions did PLMR’s President Jon Christianson report on August 18, 2026?
Jon Christianson reported 1,020 RSUs vesting and converting into Palomar Holdings, Inc. common stock and an automatic sale of 528 shares on 2026-08-18 under a mandatory sell-to-cover provision to cover tax withholding.
How many Palomar Holdings, Inc. RSUs vested for Jon Christianson in this Form 4?
A tranche of 1,020 restricted stock units (RSUs) vested and was converted into an equal number of Palomar Holdings, Inc. common shares as part of an RSU grant originally covering 20,396 shares awarded on 11/18/2021.
What prior RSU grant underlies Jon Christianson’s 2026 RSU vesting at PLMR?
The vesting relates to an RSU grant of 20,396 shares made on 11/18/2021. The award vests in annual tranches of 4,079, 4,079, and 4,078 units on the first three anniversaries, with 1,020 units vesting quarterly after the third anniversary.
AI-generated analysis. How Rhea-AI works. Not financial advice.