Form 4: Palomar Holdings Director Receives Equity Grant Under Incentive Plan

Palomar Holdings, Inc. Director Daryl Bradley was granted 715 Restricted Stock Units as part of the company's 2019 Equity Incentive Plan.

Summary

• Daryl Bradley, a Director of Palomar Holdings, Inc. (PLMR), acquired 715 shares of common stock on May 22, 2025.
• These shares are Restricted Stock Units (RSUs) granted under the Issuer's 2019 Equity Incentive Plan.
• The RSUs were granted at a price of $0, representing a contingent right to receive one share of the Issuer's common stock per unit.
• Subject to continued service, the RSUs will vest in full upon the earlier of the first anniversary of the grant date or the next annual meeting of stockholders.
• Following this transaction, Mr. Bradley beneficially owns a total of 6,008 shares of Palomar Holdings common stock.

Sentiment

Score: 7

Explanation: The document reports a routine equity grant to a director, which is generally a positive sign of aligning interests, but does not contain significant news to dramatically alter sentiment.

Positives

• The grant of Restricted Stock Units to a director aligns management's long-term interests with those of the shareholders.
• Utilization of the 2019 Equity Incentive Plan demonstrates the company's commitment to incentivizing key personnel through equity-based compensation.

Future Outlook

The vesting schedule for the granted Restricted Stock Units indicates future share issuance to the director upon meeting service conditions, either on the first anniversary of the grant date (May 22, 2026) or the next annual meeting of stockholders.

Industry Context

This transaction is a standard practice in corporate governance, where equity grants are used to compensate and incentivize directors and executives in the insurance industry, aligning their interests with long-term company performance and shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a common practice across various industries, including the financial and insurance sectors.
• Companies like Travelers Companies (TRV), Chubb Limited (CB), and Progressive Corporation (PGR) also utilize equity-based compensation plans to incentivize their leadership, though specific grant sizes and vesting terms vary based on company size, performance, and individual roles.

Corporate Governance

Stakeholder Impact

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

Next Steps

• Vesting of the 715 Restricted Stock Units upon the earlier of May 22, 2026 (first anniversary of grant date) or the next annual meeting of stockholders of Palomar Holdings, Inc.

Key Dates

Recommendation

Keywords

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