Palomar Holdings, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: PLMR · Form: DEF 14A · Filed: Apr 11, 2024 · CIK: 1761312

Palomar Holdings, Inc. DEF 14A Filing Summary
FieldDetail
CompanyPalomar Holdings, Inc. (PLMR)
Form TypeDEF 14A
Filed DateApr 11, 2024
Risk Level
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Executive Compensation, Equity Awards, Palomar Holdings

TL;DR

<b>Palomar Holdings, Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and equity awards for the fiscal year 2023.</b>

AI Summary

Palomar Holdings, Inc. (PLMR) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Palomar Holdings, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 11, 2024. The filing covers the fiscal year ending December 31, 2023. It includes data related to equity awards for CEO and non-CEO NEOs from 2020 to 2023. Specific metrics include reported value of equity awards, adjustments, and year-over-year changes. The company's principal executive offices are located in La Jolla, CA.

Why It Matters

For investors and stakeholders tracking Palomar Holdings, Inc., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, allowing them to make informed voting decisions on related proposals. The detailed breakdown of equity awards and their adjustments offers insight into the company's incentive structures and their perceived value by management.

Risk Assessment

Risk Level: — Palomar Holdings, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement, providing standard disclosures without immediate financial or operational concerns.

Analyst Insight

Review the executive compensation details and equity award structures to understand management's incentives and potential future performance drivers.

Key Numbers

  • 2024-04-11 — Filing Date (Date the DEF 14A was filed)
  • 2023-12-31 — Fiscal Year End (Period covered by the filing)
  • 2020-2023 — Data Range (Years for which equity award data is provided)

Key Players & Entities

  • Palomar Holdings, Inc. (company) — Filer of the DEF 14A
  • La Jolla, CA (location) — Business and mailing address

FAQ

When did Palomar Holdings, Inc. file this DEF 14A?

Palomar Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 11, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Palomar Holdings, Inc. (PLMR).

Where can I read the original DEF 14A filing from Palomar Holdings, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Palomar Holdings, Inc..

What are the key takeaways from Palomar Holdings, Inc.'s DEF 14A?

Palomar Holdings, Inc. filed this DEF 14A on April 11, 2024. Key takeaways: Palomar Holdings, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 11, 2024.. The filing covers the fiscal year ending December 31, 2023.. It includes data related to equity awards for CEO and non-CEO NEOs from 2020 to 2023..

Is Palomar Holdings, Inc. a risky investment based on this filing?

Based on this DEF 14A, Palomar Holdings, Inc. presents a moderate-risk profile. The filing is a routine proxy statement, providing standard disclosures without immediate financial or operational concerns.

What should investors do after reading Palomar Holdings, Inc.'s DEF 14A?

Review the executive compensation details and equity award structures to understand management's incentives and potential future performance drivers. The overall sentiment from this filing is neutral.

How does Palomar Holdings, Inc. compare to its industry peers?

Palomar Holdings operates in the insurance industry, specifically focusing on specialty insurance products.

Are there regulatory concerns for Palomar Holdings, Inc.?

The filing is a DEF 14A, a standard SEC filing for companies seeking shareholder votes on matters such as director elections and executive compensation.

Industry Context

Palomar Holdings operates in the insurance industry, specifically focusing on specialty insurance products.

Regulatory Implications

The filing is a DEF 14A, a standard SEC filing for companies seeking shareholder votes on matters such as director elections and executive compensation.

What Investors Should Do

  1. Analyze the reported value and adjustments of equity awards for CEO and non-CEO NEOs across 2020-2023.
  2. Review the company's stated rationale for any significant year-over-year changes in equity awards.
  3. Note the filing date and the period it covers to contextualize the disclosed information.

Key Dates

  • 2024-04-11: Filing of DEF 14A — Provides details on executive compensation and shareholder matters for the fiscal year 2023.

Year-Over-Year Comparison

This is a DEF 14A filing, which typically occurs annually to provide updated information on executive compensation and corporate governance matters.

Filing Stats: 4,855 words · 19 min read · ~16 pages · Grade level 13.1 · Accepted 2024-04-11 16:00:36

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 59 Summary Compensation Table 59 2023 Grant of Plan-Based Awards Table 60 2023 Outstanding Equity Awards at Fiscal Year-End 61 2023 Option Exercises and Stock Vested Table 62 Potential Payments Upon Termination or Change of Control 63 Employment Agreements for Executive Officers 64 CEO Pay Ratio Disclosure 66 Pay vs. Performance Comparison 67 Pay-for-Performance Alignment 69

Security Ownership of Certain Beneficial Owners And Management

Security Ownership of Certain Beneficial Owners And Management 72 Related Person Transactions 74 Indemnification Agreements and Directors' and Officers' Liability Insurance 74 Policies and Procedures for Related Party Transactions 74 Other Matters 74 Available Information 74 Company Website 74 Proposals Of Stockholders For 2025 Annual Meeting 75 Appendix A: Non-GAAP Financial Measures and Reconciliation Tables 76 P alo m a r 2 02 4 P r o x y S t a t eme nt PLM R . co m 6 Proxy Statement For 2024 Annual Meeting of Stockholders To Be Held at 9:00 a.m. Pacific Time on May 23, 2024 This proxy (or the "Board") of Palomar Holdings, Inc. (the "Company" or "Palomar") for use at its 2024 Annual Meeting of stockholders (the "Annual Meeting"), and any postponements, adjournments, or continuations thereof. The Annual Meeting will be held on May 23, 2024, at 9:00 a.m. Pacific Time, at our principal executive offices located at 7979 Ivanhoe Avenue, Suite 500, La Jolla, California 92037. Questions and Answers about the Annual Meeting The information provided in the "question and answer" format below addresses certain frequently asked questions but is not intended to be a summary of all matters contained in this proxy statement. Please read the entire proxy statement carefully before voting your shares. What is a proxy? A proxy is your legal designation of another person to vote the stock you own. The person you designate is your "proxy," and you give the proxy authority to vote your shares by voting by telephone or over the Internet, or, if you requested a printed copy of the proxy materials, by submitting the enclosed proxy card. We have designated our Chairman and Chief Executive Officer, Mac Armstrong, to serve as proxy for the Annual Meeting. Why did I receive a notice regarding the availability of proxy m

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