Palomar (PLMR) CEO Armstrong Mac Sells 3,500 Shares

What Happened

• Armstrong Mac, CEO, Chairman and Director of Palomar Holdings, Inc. (PLMR), sold a total of 3,500 shares in open-market transactions on August 21, 2026. The sales were reported in three tranches: 369 shares at an average price of $129.65 ($47,841), 2,339 shares at an average price of $130.49 ($305,226), and 792 shares at an average price of $131.37 ($104,044), for a combined proceeds of approximately $457,111. These were sales (code "S") — not purchases or option exercises.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-24 (filed within the SEC two-business-day reporting window).
• Tranches/prices: 369 shares @ $129.65 (weighted avg; range $128.9550–$129.9400), 2,339 shares @ $130.49 (weighted avg; range $130.0200–$131.0100), 792 shares @ $131.37 (weighted avg; range $131.0400–$131.7700). See filing footnote for per-price breakdown.
• Total shares sold: 3,500; total proceeds: ≈ $457,111.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 notes inclusion of 2,754 shares purchased under Palomar’s 2019 ESPP in reported holdings; F2 explains the weighted-average prices and price ranges and offers to provide per-price sale counts on request.
• No 10b5‑1 plan, gift, or option exercise was indicated in the provided details.

Context

• For retail investors: sales by executives can be routine (cash needs, diversification, tax obligations) and do not by themselves signal company performance. Purchases generally carry more direct informational weight. This filing reports ordinary open-market sales; treat it as one data point among broader insider activity and company fundamentals.