Form 4: Palomar Holdings' Chief Legal Officer, Angela L. Grant, Reports Stock Transactions
SEC Form 4 Filing
Angela L. Grant, Chief Legal Officer of Palomar Holdings, Inc., reports the exercise of stock options and sale of common stock on March 11, 2025.
Summary
- On March 11, 2025, Angela L. Grant, the Chief Legal Officer of Palomar Holdings, Inc., engaged in multiple transactions involving the company's stock.
- Grant exercised employee stock options to acquire 143 shares at $66.10, 103 shares at $49.53 and 51 shares at $49.53.
- Following the exercise of these options, she sold 297 shares at $125.98 and 2,071 shares at $125.98.
- After these transactions, Grant directly owns 2,862 shares of Palomar Holdings, Inc. common stock.
- The transactions were reported on Form 4, filed with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. 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 trading activities 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 |
|---|---|
| 11/30/2021 | 50% of the 143 option shares vest and become exercisable |
| 01/26/2023 | 50% of the 103 and 51 option shares vest and become exercisable |
| 03/11/2025 | Date of stock option exercise and sale transactions |
| 11/30/2029 | Expiration date of employee stock options for 143 shares |
| 01/26/2031 | Expiration date of employee stock options for 103 and 51 shares |
| 03/12/2025 | Date of signature on the SEC Form 4 |
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