Palomar (PLMR) CEO Armstrong Mac Sells Shares

What Happened

• Armstrong Mac, CEO, Chairman and Director of Palomar Holdings, sold a total of 3,500 shares in two open-market transactions on September 21, 2026. He sold 2,100 shares at an average price of $134.60 for $282,651 and 1,400 shares at an average price of $135.57 for $189,794, for combined proceeds of roughly $472,445. These were sales (not purchases), which are often routine insider disposals.

Key Details

• Transaction dates: 2026-09-21 (filed 2026-09-22).
• Sale breakdown:
  • 2,100 shares at $134.60 — proceeds $282,651.
  • 1,400 shares at $135.57 — proceeds $189,794.
• Total shares sold: 3,500; total proceeds: ≈ $472,445.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Notes inclusion of 2,852 shares purchased under the Palomar 2019 Employee Stock Purchase Plan (ESPP).
  • F2: The reported prices are weighted averages; the sales occurred in multiple trades at price ranges of $134.1100–$135.0800 (weighted avg $134.5956) and $135.1800–$135.9800 (weighted avg $135.5670). The filer can supply a full breakdown of the number of shares sold at each separate price upon request.
• Filing timeliness: Reported the next day (Sep 22, 2026); not marked late based on the filing date provided.

Context

• These were straightforward open-market sales by the company's CEO. Sales do not necessarily signal negative company-specific information—insiders sell for many personal or tax-related reasons. The ESPP footnote indicates some reported holdings involve shares acquired through the company's employee purchase plan.