Form 4: Palomar Holdings Director Catriona Fallon Receives Equity Grant

Palomar Holdings, Inc. Director Catriona M. Fallon was granted 715 Restricted Stock Units (RSUs) as part of the company's 2019 Equity Incentive Plan.

Summary

• Catriona M. Fallon, a Director of Palomar Holdings, Inc. (PLMR), received a grant of 715 Restricted Stock Units (RSUs) on May 22, 2025.
• These RSUs were granted under the Issuer's 2019 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of Palomar Holdings' common stock.
• The RSUs will vest in full upon the earlier of the first anniversary of the Grant Date or the next annual meeting of stockholders, subject to Ms. Fallon's continued service.
• Following this transaction, Ms. Fallon beneficially owns a total of 6,773 shares of common stock directly.
• The reported price for the acquisition of these RSUs was $0, as it represents a grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. This is a routine compensation event for a director, indicating ongoing alignment of interests, but it does not convey significant new operational or financial performance information.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of the shareholders, promoting long-term value creation.
• The transaction is part of an existing and approved 2019 Equity Incentive Plan, indicating a structured approach to executive and director compensation.

Future Outlook

The granted Restricted Stock Units are subject to a future vesting schedule, which will occur upon the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, contingent on the director's continued service.

Industry Context

Equity grants, such as Restricted Stock Units, are a common form of compensation for directors and executives in publicly traded companies across various industries. They are designed to incentivize long-term commitment and align the interests of leadership with shareholder value.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of equity to a director, Catriona M. Fallon, which is a related-party transaction, though it is a standard form of compensation under an existing equity plan.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The Restricted Stock Units will vest upon the earlier of May 22, 2026 (first anniversary of grant date) or the date of the next annual meeting of stockholders, provided Catriona M. Fallon continues her service as a director.

Key Dates

Keywords

Palomar Holdings, PLMR, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, SEC Form 4, Equity Incentive Plan