Form 4: Palomar CRO Knutzen Reports RSU Vesting and Tax-Related Sale

Palomar Holdings Chief Risk Officer Jonathan Knutzen reported the vesting of 612 restricted stock units and a subsequent sale of 281 shares to cover tax obligations.

Summary

• Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, Inc. (PLMR), reported transactions on November 18, 2025.
• 612 shares of common stock (RSUs) were acquired at a price of $0.00 due to vesting.
• 281 shares of common stock were disposed of at a price of $128.84 per share.
• The disposition was an automatic sell-to-cover transaction to meet minimum statutory tax withholding obligations upon the RSU vesting event.
• Following these transactions, Knutzen beneficially owns 21,565 shares of common stock directly.
• The original RSU grant on November 18, 2021, was for 12,238 shares, with vesting scheduled over several years.
• Knutzen also holds 2,448 derivative securities (Restricted Stock Units).
• Beneficial ownership includes 1,386 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 5

Explanation: Neutral. The filing reports a routine insider transaction involving RSU vesting and a mandatory tax-related sale, which is a standard event and does not indicate significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• Vesting of 612 Restricted Stock Units indicates continued service and compensation for the Chief Risk Officer.
• The transaction demonstrates a routine compensation event for a key executive.

Negatives

• A portion of vested shares (281 shares) was sold, though this was for tax purposes and not a discretionary sale.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information to assess broader industry trends or competitive landscape. It reflects standard executive compensation and tax compliance within the financial services industry.

Stakeholder Impact

• Shareholders: Minor, as it's a routine compensation event for an executive, reflecting standard practice.

Next Steps

• Future vesting events for the remaining Restricted Stock Units as per the original grant schedule.

Key Dates

Keywords

Palomar Holdings, PLMR, Jonathan Knutzen, Chief Risk Officer, Form 4, Insider Trading, RSU Vesting, Stock Sale, Tax Withholding, Employee Stock Purchase Plan