4/A: Palomar CRO Amends RSU Transaction Date

Palomar Holdings' Chief Risk Officer, Jonathan Knutzen, filed an amended Form 4 to correct the transaction date for recent RSU vesting and tax-related share sales.

Summary

• Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, Inc. (PLMR), filed an amended Form 4 to correct a clerical error regarding the transaction date.
• The original Form 4, filed on February 2, 2026, incorrectly stated the transaction date, which has now been corrected to January 29, 2026.
• On January 29, 2026, 1,230 Restricted Stock Units (RSUs) vested, representing a portion of a grant made on January 29, 2024.
• Additionally, 1,434 RSUs vested from a grant made on January 29, 2025.
• A mandatory sell-to-cover provision resulted in the disposition of 381 shares of common stock at a price of $122.042 per share to cover minimum statutory tax withholding obligations.
• Following these transactions, Jonathan Knutzen beneficially owns 25,658 shares of common stock directly.
• The reported beneficial ownership includes 1,386 shares purchased through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine insider equity transaction (vesting and tax-related sale) and corrects a clerical error, neither of which indicates a significant positive or negative operational or financial event for the company.

Positives

• The vesting of 1,230 and 1,434 Restricted Stock Units (RSUs) represents a significant equity gain for the Chief Risk Officer.
• The correction of a clerical error demonstrates adherence to regulatory reporting accuracy.

Negatives

• A mandatory sale of 381 shares was required to cover tax withholding obligations, reducing the officer's direct shareholding.

Future Outlook

The remaining Restricted Stock Units from the January 29, 2024, and January 29, 2025, grants are scheduled to vest in equal one-third increments on the second and third-year anniversaries of their respective grant dates, subject to continuing service with the company.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU vesting and subsequent tax-related sales, are common across the financial services and insurance industries. These filings provide transparency into executive compensation and ownership but typically do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation, which is a routine aspect of corporate governance.

Next Steps

• Remaining one-third of the 3,692 RSU grant from 01/29/2024 to vest on the second and third-year anniversaries.
• Remaining one-third of the 4,302 RSU grant from 01/29/2025 to vest on the second and third-year anniversaries.

Key Dates

Keywords

Palomar Holdings, PLMR, Form 4/A, Insider Transaction, Restricted Stock Units, RSU Vesting, Chief Risk Officer, Equity Compensation, Tax Withholding