Form 4: Palomar Holdings Chief Risk Officer Reports Stock Transactions
SEC Form 4 Filing
Jonathan Knutzen, Chief Risk Officer of Palomar Holdings, reports acquisition and disposal of common stock and restricted stock units (RSUs) on January 29, 2025.
Summary
- On January 29, 2025, Jonathan Knutzen, the Chief Risk Officer of Palomar Holdings, engaged in transactions involving the company's stock.
- Knutzen acquired 1,231 shares of common stock through the vesting of Restricted Stock Units (RSUs).
- Additionally, Knutzen disposed of 379 shares of common stock at a price of $108.34 to cover tax withholding obligations related to the RSU vesting.
- Knutzen also acquired 4,302 RSUs on 1/29/2025, which will vest over three years subject to continued service.
- Following these transactions, Knutzen directly owns 19,490 shares of common stock and 4,302 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The RSUs granted on 1/29/2025 will vest in three annual installments, contingent upon continued service with the company.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock sales.
Key Dates
| Date | Description |
|---|---|
| 01/29/2024 | Original RSU grant for 3,692 shares. |
| 01/29/2025 | Date of transactions: RSU vesting (1,231 shares), stock sale (379 shares), and new RSU grant (4,302 shares). |
| 01/31/2025 | Date of signature by Attorney-in-Fact. |
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