Form 4: Palomar Holdings CFO T Christopher Uchida Executes Stock Option and Sells Shares
SEC Form 4
T Christopher Uchida, CFO of Palomar Holdings, exercised stock options and sold shares in multiple transactions on September 9, 2024.
Summary
- On September 9, 2024, T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc. [PLMR], engaged in transactions involving the company's stock.
- Uchida exercised employee stock options to acquire 1,156 shares at an exercise price of $15.
- Concurrently, Uchida sold 300 shares at a weighted average price of $93.4233, 1,204 shares at a weighted average price of $94.1232, and 656 shares at a weighted average price of $95.5274.
- Following these transactions, Uchida directly owns 19,590 shares of Palomar Holdings common stock, which includes 1,666 shares purchased through the company's Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's typical for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/16/2020 | Fifty percent (50%) of the option shares vest and become exercisable |
| 04/16/2029 | Expiration date of the Employee Stock Option |
| 09/09/2024 | Date of stock option exercise and stock sales |
| 09/11/2024 | Date of Form 4 signature |
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