T. Christopher Uchida, Chief Financial Officer of Palomar Holdings, Inc. (NASDAQ:PLMR), filed a statement of changes in beneficial ownership on August 20, 2026, reporting transactions that occurred on August 18, 2026.

Key Highlights

  • RSU vesting: 1,530 restricted stock units converted into 1,530 shares of Palomar Holdings common stock on August 18, 2026, at a price of $0.0000.
  • Mandatory sell-to-cover: 791 shares were sold at $127.741 per share to satisfy minimum statutory tax withholding obligations required upon the vesting event.
  • Post-transaction ownership: Uchida directly held 16,238 shares of common stock following the reported transactions.
  • Original RSU grant: The grant was for 30,594 shares, awarded on November 18, 2021, with a quarterly vesting schedule after the third anniversary of the grant date.
  • Corrected vesting terms: According to the filing, the vesting terms stated in this report reflect updates from the original November 18, 2021 filing, which contained erroneous vesting terms.

RSU Vesting Event and Mandatory Share Sale for Palomar Holdings CFO

According to the filing, T. Christopher Uchida, who serves as Chief Financial Officer of Palomar Holdings, Inc., a specialty insurance company listed on NASDAQ:PLMR, reported two non-derivative transactions in Table I on August 18, 2026. The first was the acquisition of 1,530 shares of common stock through the conversion of restricted stock units, recorded at a price of $0.0000. The second was the disposition of 791 shares at a price of $127.741 per share.

The filing explains that the sale of 791 shares was not a discretionary market transaction. According to the filing, those shares "represent shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the RSU award agreement required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event." Following both transactions, Uchida's direct beneficial ownership stood at 16,238 shares of common stock.

The filing also notes a correction to previously reported vesting terms. The original RSU grant, covering 30,594 shares and dated November 18, 2021, had its vesting schedule described with errors in the original Form 4 filed on that date. The corrected schedule, as stated in this filing, calls for 6,118 units to vest on each of the first three annual anniversaries of the grant date, with 1,530 units vesting quarterly after the third anniversary. The remaining derivative securities position following the reported transaction totals 1,530 units, held directly.

What Was Disclosed

The filing reported an RSU vesting event and a mandatory tax-related share sale by Palomar Holdings' CFO on August 18, 2026, along with a correction to previously stated vesting terms from an original grant dated November 18, 2021.