Form 4: Palomar Holdings CFO T Christopher Uchida Executes Stock Option and Sells Shares
SEC Form 4 Filing
T Christopher Uchida, CFO of Palomar Holdings, exercised stock options and sold a portion of the acquired shares on August 21, 2024.
Summary
- On August 21, 2024, T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc. [PLMR], executed an employee stock option to purchase 1,000 shares of common stock at $15 per share.
- Following the exercise of the option, Uchida sold 950 shares at a weighted average price of $94.1465 and 50 shares at a weighted average price of $94.65.
- After these transactions, Uchida directly owns 22,344 shares of Palomar Holdings common stock, which includes 1,666 shares purchased through the company's Employee Stock Purchase Plan (ESPP).
- Uchida also holds options to purchase 1,156 shares of common stock.
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 prospects.
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 shares for personal financial management.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders, as they represent a small percentage of the total outstanding shares.
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 |
| 08/21/2024 | Date of stock option exercise and stock sales |
| 08/22/2024 | Date of signature for the Form 4 filing |
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