Form 4: Palomar Holdings' Chief Legal Officer Reports Stock Transactions
SEC Form 4
Angela L. Grant, Chief Legal Officer of Palomar Holdings, Inc., reports the exercise of stock options and sale of common stock.
Summary
- Angela L. Grant, the Chief Legal Officer of Palomar Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On November 8, 2024, Grant exercised employee stock options to acquire 6,724 shares at $66.10, 1,483 shares at $49.53 and 2,966 shares at $49.53.
- She also sold 2,558 shares at a weighted average price of $99.0021 and 8,615 shares at a weighted average price of $99.7972.
- Following these transactions, Grant directly owns 103 shares of common stock.
- The transactions included the acquisition of 83 shares through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction report.
Industry Context
This Form 4 filing is a routine disclosure related to insider trading activity, which is common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 11/30/2021 | Fifty percent (50%) of the 6,724 option shares vest and become exercisable |
| 01/26/2023 | Fifty percent (50%) of the 1,483 and 2,966 option shares vest and become exercisable |
| 11/08/2024 | Date of earliest transaction: stock option exercise and stock sale. |
| 11/12/2024 | Date of Form 4 filing. |
| 11/30/2029 | Expiration date of 6,724 Employee Stock Options (Right to Buy) |
| 01/26/2031 | Expiration date of 1,483 and 2,966 Employee Stock Options (Right to Buy) |
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