Form 4: Palomar Holdings Chief Risk Officer Jonathan Knutzen Executes Stock Transactions

Palomar Holdings' Chief Risk Officer, Jonathan Knutzen, engaged in stock transactions involving the vesting of restricted stock units and subsequent sale to cover tax obligations.

Summary

• Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, executed transactions involving company stock on November 18, 2024.
• These transactions included the vesting of 2,447 restricted stock units (RSUs) and the sale of 758 shares to cover tax obligations.
• The sale of shares was executed at a price of $107.28 per share.
• Following these transactions, Knutzen beneficially owns 16,885 shares of common stock, including 1,335 shares purchased through the Employee Stock Purchase Plan.
• The original RSU grant was for 12,238 shares on November 18, 2021, vesting over four years.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to stock-based compensation. There is no indication of any positive or negative sentiment, it is a standard disclosure.

Industry Context

This is a standard Form 4 filing, which is a routine disclosure of insider transactions. It is common for executives to receive stock-based compensation and sell shares to cover tax obligations.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is typical for executive compensation packages.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation.
• The price of $107.28 per share is a reflection of the current market value of Palomar Holdings stock at the time of the transaction.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and related to executive compensation.

Key Dates

Keywords

Palomar Holdings, Jonathan Knutzen, Chief Risk Officer, stock transaction, restricted stock units, RSU, vesting, insider trading, Form 4, employee stock purchase plan