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

Palomar Holdings' Chief Risk Officer, Jonathan Knutzen, reports the vesting of performance stock units and subsequent sale of shares to cover tax obligations.

Summary

• Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, reported transactions involving the company's stock.
• On January 1, 2025, performance stock units (PSUs) vested, resulting in the acquisition of 1,778 shares of common stock.
• Also on January 1, 2025, 636 shares were sold at $105.86 per share to cover tax obligations related to the vesting of the PSUs.
• Following these transactions, Knutzen directly owns 18,027 shares of Palomar Holdings common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The vesting of performance stock units and subsequent sale to cover taxes is a common occurrence for executives at publicly traded companies.
• The price of $105.86 per share is a specific data point for this transaction, but without broader market data, it's difficult to compare to industry standards.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any change in the company's fundamentals.

Key Dates

Keywords

Palomar Holdings, PLMR, insider trading, Form 4, performance stock units, PSU, stock vesting, Jonathan Knutzen, Chief Risk Officer, tax obligations