Form 4: Palomar Holdings CFO Sells Shares to Cover Taxes

Palomar Holdings, Inc. CFO Christopher Uchida sold 783 shares of common stock to cover tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).

Summary

• Christopher Uchida, Chief Financial Officer of Palomar Holdings, Inc., reported a transaction on May 18, 2026.
• Uchida acquired 1,530 shares of common stock with a transaction value of $0.00, related to the vesting of Restricted Stock Units (RSUs).
• Concurrently, 783 shares were disposed of at a price of $115.26 per share, totaling $90,290.00, to cover mandatory tax withholding obligations.
• Following these transactions, Uchida beneficially owns 15,499 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the share disposal is a mandatory tax-related transaction and does not necessarily reflect a negative outlook on the company's stock performance.

Positives

• The acquisition of 1,530 shares through RSU vesting indicates continued equity-based compensation for the CFO.
• The sell-to-cover transaction ensures compliance with tax obligations without requiring Uchida to use personal funds.

Negatives

• The disposal of 783 shares represents a reduction in the CFO's direct beneficial ownership of Palomar Holdings stock.

Future Outlook

The filing details the vesting schedule of RSUs, indicating future potential vesting events for the CFO, with specific tranches vesting quarterly after the third anniversary of the grant date.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to RSU vesting and tax obligations, are common for executives in the insurance technology sector. These transactions often reflect standard compensation practices and tax planning rather than a change in the executive's long-term view of the company.

Stakeholder Impact

• Shareholders: Minimal direct impact, as the sale is to cover taxes and is a common practice. It does reduce the CFO's direct holdings slightly.
• Employees: The transaction is specific to the CFO and does not directly impact other employees.
• Management: Reflects standard compensation and tax management practices for senior executives.

Next Steps

• Continued vesting of RSUs according to the schedule outlined in the filing.
• Potential future 'sell-to-cover' transactions by the CFO as RSUs vest.

Key Dates

Keywords

Palomar Holdings, PLMR, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Chief Financial Officer, Christopher Uchida