Palomar Holdings NASDAQ:PLMR reported a small insider sale by Chief People Officer Timothy Carter on January 29, 2026. According to a Form 4 filing with the Securities and Exchange Commission, Carter sold 254 restricted stock units at a per-share price of $122.0415, producing total proceeds of $30,998.
The filing also states that 610 restricted stock units vested in connection with the transaction. Those vested shares carried a transaction price of $0.00. The stock disposition was executed expressly to satisfy minimum statutory tax withholding obligations arising from the vesting of the restricted stock units, the filing says.
After the sale and vesting events, Carter is recorded as directly owning 1,300 shares of Palomar Holdings. The Form 4 indicates the sale was limited in scope and specifically tied to tax withholding rather than a broader disposition of holdings.
Beyond the insider filing, Palomar has recently disclosed several material corporate developments. For the third quarter of 2025 the company reported earnings per share of $2.01, exceeding the consensus estimate of $1.57. That result represents a 28.03% positive surprise relative to expectations. Revenue for the quarter came in at $597.2 million, above the forecasted $540.07 million.
In addition to its quarterly performance, Palomar finalized the acquisition of The Gray Casualty & Surety Company. The company also secured $450 million in financing to support this and related activities - comprised of a $150 million revolving facility and a $300 million term loan, according to the information disclosed. BCP, a private equity firm, confirmed that the sale of Gray Surety to Palomar has been completed.
Following these developments, Keefe, Bruyette & Woods adjusted its price target for Palomar Holdings to $170 from $164 while maintaining an Outperform rating. These items - an earnings beat, higher-than-expected revenue, a completed acquisition and committed financing - are the principal recent actions noted in the filings and company statements.
Where the public filings are specific, the transaction details are likewise narrow. The insider sale by Carter is directly tied to RSU vesting and tax withholding obligations, and the corporate disclosures outline recent operating and capital actions without extending to forward-looking commentary or management guidance in the documents cited.