Form 4: Palomar Holdings CFO Sells Shares Under 10b5-1 Plan

Palomar Holdings' Chief Financial Officer, T Christopher Uchida, sold 1,030 shares of common stock at $110.85 per share on December 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc., executed a sale of 1,030 shares of the company's common stock on December 18, 2024.
• The sale was conducted at a price of $110.85 per share.
• This transaction was made under a pre-arranged trading plan, specifically a 10b5-1 plan.
• Following the transaction, Mr. Uchida directly owns 15,994 shares of Palomar Holdings common stock.
• The total number of shares owned includes 1,666 shares purchased through the company's 2019 Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale under a pre-arranged plan, which is neither positive nor negative in itself. It is a neutral event.

Risks

• Sales by company insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors. The use of 10b5-1 plans is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The sale of shares by a CFO is not unusual, and the use of a 10b5-1 plan is a standard practice to ensure compliance with insider trading regulations.
• Comparable companies often see similar filings from their executives, especially around pre-planned sales.

Stakeholder Impact

• The sale of shares by a company executive may have a minor impact on investor sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Palomar Holdings, PLMR, T Christopher Uchida, Chief Financial Officer, insider trading, Form 4, 10b5-1 plan, stock sale, equity securities, ESPP