Form 4: Palomar Holdings Director Thomas Bradley Reports Acquisition of Restricted Stock Units

Palomar Holdings, Inc. Director Thomas A. Bradley reported the acquisition of 715 Restricted Stock Units (RSUs) on May 22, 2025, increasing his direct beneficial ownership to 6,770 shares.

Summary

• Director Thomas A. Bradley of Palomar Holdings, Inc. (PLMR) acquired 715 shares of common stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on May 22, 2025.
• These RSUs were granted at a price of $0 per unit, representing a contingent right to receive one share of the Issuer's common stock per unit.
• Following this transaction, Mr. Bradley's direct beneficial ownership of Palomar Holdings common stock is 6,770 shares.
• The RSUs were granted pursuant to the Issuer's 2019 Equity Incentive Plan.
• The RSUs are subject to vesting, which will occur upon the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, contingent on Mr. Bradley's continued service.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is generally a positive event as it aligns management's interests with shareholders and is a common form of compensation. It does not, however, indicate significant operational or financial news.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Thomas A. Bradley aligns his interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The increase in beneficial ownership by a director can be viewed as a positive signal of confidence in the company's future.

Negatives

• No specific negative information was disclosed in this Form 4 filing.

Risks

• The vesting of the Restricted Stock Units (RSUs) is contingent upon the reporting person's continued service, meaning the shares are not immediately owned and could be forfeited if service ceases before vesting.

Future Outlook

The Restricted Stock Units (RSUs) granted to Director Thomas A. Bradley are expected to vest upon the earlier of the first anniversary of the grant date (May 22, 2026) or the next annual meeting of stockholders, subject to his continued service.

Management Comments

• N/A (Form 4s report transactions, not management commentary).

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Comparison to Industry Standards

• This document reports an individual insider transaction and does not contain information for comparison to industry-wide financial or operational standards.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings were mentioned in this Form 4 filing.

Related Party Transactions

• The acquisition of Restricted Stock Units by Director Thomas A. Bradley constitutes a related party transaction, as it involves compensation from the issuer to a member of its board.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive development, as it further aligns the interests of Director Thomas A. Bradley with the long-term performance of the company's stock.

Next Steps

• The Restricted Stock Units (RSUs) are scheduled to vest upon the earlier of May 22, 2026 (first anniversary of grant date) or the date of the next annual meeting of stockholders, provided continued service.

Key Dates

Keywords

Palomar Holdings, PLMR, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Grant, Director Compensation, Equity Incentive Plan, Thomas A. Bradley