Form 4: Palomar Holdings Executive Timothy Carter Reports Acquisition of Restricted Stock Units

Timothy Carter, Chief People Officer at Palomar Holdings, reports the acquisition of 1,829 Restricted Stock Units (RSUs) on January 29, 2025.

Summary

• On January 29, 2025, Timothy Carter, the Chief People Officer of Palomar Holdings, Inc. (PLMR), acquired 1,829 Restricted Stock Units (RSUs).
• These RSUs will vest in three equal installments: one-third on the first anniversary of the grant date, another one-third on the second anniversary, and the final one-third on the third anniversary, contingent upon continued service with the company.
• Following this transaction, Mr. Carter directly owns 1,829 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and indicates alignment of the executive's interests with the company's long-term performance.

Positives

• The acquisition of RSUs suggests continued alignment of the executive's interests with the long-term performance of Palomar Holdings.

Future Outlook

The vesting schedule of the RSUs indicates a three-year commitment from the executive to the company.

Industry Context

Executive compensation through equity grants is a common practice in publicly traded companies to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages in the insurance and financial services industries.
• Vesting schedules of three years are typical for RSU grants, aligning with long-term strategic goals.

Stakeholder Impact

• The RSU grant aligns executive interests with shareholder value.

Key Dates