Armstrong Family Trust sells 3,500 Palomar shares
Palomar Holdings CEO Mac Armstrong reported routine insider activity involving shares held through a family trust.
Rhea-AI Filing Summary
Palomar Holdings CEO Mac Armstrong reported routine insider activity involving shares held through a family trust. On May 21, 2026, the Armstrong Family Trust, an entity associated with him, sold 3,500 shares of Palomar common stock in two open-market transactions linked to RSUs.
The trust sold 2,172 shares at a weighted average price of $114.6693 per share and 1,328 shares at a weighted average price of $113.9306 per share, across multiple trades within stated price ranges. After these sales, Armstrong’s direct ownership was 102,059 common shares, and the Armstrong Family Trust held 332,888 shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,500 shares
Net Sell
3 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,500 shs ($400K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock (RSUs) | 1,328 | $113.9306 | $151K |
| Sale | Common Stock (RSUs) | 2,172 | $114.6693 | $249K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (RSUs) — 332,888 shares (Indirect, By Armstrong Family Trust);
Common Stock — 102,059 shares (Direct)
Footnotes (2)
- F1. Includes 2,754 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.34 to $114.32 (weighted average of $113.9306), inclusive; $114.37 to $115.25 (weighted average of $114.6693). The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Shares sold: 3,500 shares
First tranche price: $114.6693/share
Second tranche price: $113.9306/share
+3 more
6 metrics
Shares sold
3,500 shares
Total common shares sold on May 21, 2026
First tranche price
$114.6693/share
Weighted average price for 2,172 shares sold
Second tranche price
$113.9306/share
Weighted average price for 1,328 shares sold
Direct holdings
102,059 shares
Common stock directly owned after transactions
Indirect trust holdings
335,060 shares
Common stock held by Armstrong Family Trust after sales
ESPP shares included
2,754 shares
Shares purchased under 2019 Employee Stock Purchase Plan
Key Terms
Common Stock (RSUs), weighted average price, Employee Stock Purchase Plan (ESPP), open-market sale, +1 more
5 terms
Common Stock (RSUs) financial
"security_title": "Common Stock (RSUs)""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Purchase Plan (ESPP) financial
"purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect": "I",
"nature_of_ownership": "By Armstrong Family Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palomar Holdings (PLMR) disclose for Mac Armstrong?
Palomar disclosed that shares held by the Armstrong Family Trust, associated with CEO Mac Armstrong, sold 3,500 common shares on May 21, 2026. The transactions involved restricted stock units and were executed as open-market sales at specified weighted average prices.
What does the Palomar (PLMR) Form 4 say about the price ranges for the insider sales?
The filing explains that the reported prices are weighted averages. Individual trades occurred between $113.34 and $114.32 for one group and between $114.37 and $115.25 for the other. The insider undertakes to provide detailed trade-by-trade information upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
