[Form 4] Palomar Holdings, Inc. Insider Trading Activity
Palomar Holdings, Inc. CEO and Chairman Mac Armstrong exercised 6,250 Restricted Stock Units into common stock on April 15, 2026, increasing his directly held shares.
Rhea-AI Filing Summary
Palomar Holdings, Inc. CEO and Chairman Mac Armstrong exercised 6,250 Restricted Stock Units into common stock on April 15, 2026, increasing his directly held shares.
On the same date, 3,197 shares were automatically sold by the company under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding tied to this RSU vesting. After these transactions, Armstrong holds 102,059 shares directly and 339,888 shares indirectly through the Armstrong Family Trust, reflecting that the sale was a tax-related mechanism rather than a discretionary open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,197 shs ($414K)
Approx. gross sale proceeds
$414K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 6,250 | $0.00 | $0.00 |
| Exercise | Common Stock (RSUs) | 6,250 | $0.00 | $0.00 |
| Sale | Common Stock (RSUs) | 3,197 | $129.46 | $414K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 6,250 contracts (Direct);
Common Stock (RSUs) — 102,059 shares (Direct);
Common Stock — 99,006 shares (Direct);
Common Stock — 339,888 shares (Indirect, By Armstrong Family Trust)
Footnotes (3)
- F1. Represents 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.
- F2. Includes 2,754 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F3. The original RSU grant was for 125,000 shares on 7/15/2021. Subject to the Reporting Person's continuing service with the Company, the RSUs shall vest as follows: 25,000 shares shall vest on the first year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the second year anniversary of the Grant Date/Vesting Base Date; 25,000 shares shall vest on the third year anniversary of the Grant Date/Vesting Base Date; after the third anniversary of the Grant Date/Vesting Base Date, 6,250 shares shall vest on a quarterly basis thereafter, until fully vested.
Key Figures
RSUs vested and exercised: 6,250 shares
Automatic tax sell-to-cover: 3,197 shares at $129.46
Direct holdings after transactions: 102,059 shares
+3 more
6 metrics
RSUs vested and exercised
6,250 shares
Restricted Stock Units converted to common stock on April 15, 2026
Automatic tax sell-to-cover
3,197 shares at $129.46
Shares sold automatically to cover statutory tax withholding
Direct holdings after transactions
102,059 shares
Common stock directly owned by Mac Armstrong after April 15, 2026
Indirect trust holdings
339,888 shares
Common stock held indirectly by Armstrong Family Trust
Original RSU grant size
125,000 shares
RSUs granted on July 15, 2021 with staged vesting
ESPP shares included
2,754 shares
Shares purchased under the 2019 Employee Stock Purchase Plan
Key Terms
Restricted Stock Units (RSUs), mandatory sell-to-cover provision, minimum statutory tax withholding obligations, Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP), +1 more
5 terms
Restricted Stock Units (RSUs) financial
"The original RSU grant was for 125,000 shares on 7/15/2021."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
mandatory sell-to-cover provision financial
"shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision"
minimum statutory tax withholding obligations financial
"required to cover minimum statutory tax withholding obligations that became due upon the RSU vesting event."
Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP) financial
"Includes 2,754 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
Armstrong Family Trust financial
"Common Stock, total_shares_following_transaction 339888.0000, nature_of_ownership By Armstrong Family Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
