Form 4: Palomar Holdings CFO T Christopher Uchida Reports Stock Transactions

T Christopher Uchida, CFO of Palomar Holdings, reports acquisition and disposal of common stock and restricted stock units.

Summary

• T Christopher Uchida, the Chief Financial Officer of Palomar Holdings, Inc. (PLMR), filed a Form 4 detailing changes in beneficial ownership.
• On May 18, 2025, Uchida acquired 1,530 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
• On the same day, Uchida disposed of 782 shares of common stock at a price of $159.03 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Uchida directly owns 8,420 shares of common stock and 9,180 Restricted Stock Units.
• The RSUs vest over time, with a portion vesting quarterly following the third anniversary of the original grant date of November 18, 2021.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard compensation practices. The vesting of RSUs indicates continued alignment of the CFO's interests with the company.

Positives

• The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.

Negatives

• The sale of shares to cover tax obligations, while standard, slightly reduces the CFO's direct holdings in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• Similar to other publicly traded companies, Palomar Holdings uses RSUs as part of its executive compensation packages.
• The vesting schedules and tax withholding practices are standard across the industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation.

Key Dates

Keywords

Palomar Holdings, PLMR, CFO, T Christopher Uchida, Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Stock Transaction, Vesting