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

Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, reports the vesting of restricted stock units (RSUs) and subsequent sale of shares to cover tax obligations, along with ESPP purchases.

Summary

• On February 18, 2025, Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, Inc. [PLMR], reported transactions involving Palomar Holdings common stock.
• These transactions included the vesting of 612 Restricted Stock Units (RSUs) and the sale of 189 shares to cover tax withholding obligations at a price of $123.26 per share.
• Knutzen also acquired 612 shares through the vesting of RSUs at $0.00.
• Additionally, Knutzen owns 1,335 shares purchased through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
• Following these transactions, Knutzen directly owns 20,521 shares of Palomar Holdings common stock.

Sentiment

Score: 6

Explanation: The document reflects standard insider trading activity related to compensation. It's neutral in sentiment as it simply reports transactions.

Positives

• The vesting of RSUs indicates a form of compensation and alignment with the company's performance.
• Participation in the Employee Stock Purchase Plan (ESPP) demonstrates confidence in the company's future.

Negatives

• The sale of shares to cover tax obligations, while standard, slightly reduces Knutzen's holdings.

Risks

• There are no specific risks highlighted in this document, as it primarily reports stock transactions.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's standard practice for executives to sell shares to cover tax obligations upon the vesting of RSUs.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives receiving stock-based compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine and do not indicate any significant change in the company's outlook.

Key Dates