Form 4: Palomar Holdings CFO T Christopher Uchida Reports Stock Transactions
SEC Form 4
T Christopher Uchida, CFO of Palomar Holdings, Inc., reports the acquisition and disposal of common stock and restricted stock units (RSUs) on January 31, 2025.
Summary
- On January 31, 2025, T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc., engaged in transactions involving the company's stock.
- Uchida acquired 1,054 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
- Simultaneously, Uchida disposed of 390 shares of common stock at a price of $104.47 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Uchida directly owns 18,509 shares of Palomar Holdings, Inc. common stock, which includes 1,666 shares purchased through the Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor insider sentiment and potential alignment with company performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Original RSU grant date for 3,162 shares. |
| 01/31/2025 | Date of stock transactions: RSU vesting and sale of shares for tax obligations. |
| 02/03/2025 | Date of signature by Attorney-in-Fact. |
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