Palomar (PLMR) CFO reports PSU vesting, tax-related share sale and 8,431 RSU grant
Rhea-AI Filing Summary
Palomar Holdings' Chief Financial Officer T. Christopher Uchida reported equity award activity and a related tax sale. On January 28, 2026, a previously granted performance stock unit (PSU) award vested after the compensation committee confirmed the company’s financial performance goals, resulting in 5,660 shares of common stock being earned and vested. To cover minimum tax withholding tied to this vesting, the company automatically sold 2,103 shares at $119.88 per share under a mandatory sell-to-cover provision. On the same date, Uchida also received a new grant of 8,431 restricted stock units (RSUs) that vest in three equal annual installments, subject to continued service. Following these transactions, he directly held 11,473 shares of common stock (including PSUs) and 8,431 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 8,431 | $0.00 | -- |
| Exercise | Common Stock (PSUs) | 5,660 | $0.00 | -- |
| Sale | Common Stock (PSUs) | 2,103 | $119.88 | $252K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the date on which the Compensation Committee ratified the achievement of certain company financial performance criteria related to a previously granted performance stock unit ("PSU") award causing the award to become vested. Represents the number of shares of common stock determined to have been earned and vested from a previously granted PSU award. The PSU award was granted on 1/31/2023 and vested based on i. the grantee completing the required service period through 1/1/2026 and ii. the Compensation Committee ratifying the number of shares earned based on the achievement of certain company financial performance criteria. Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the PSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the PSU vesting event. The original RSU grant was for 8,431 shares on 1/28/2026. 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.
