Palomar CEO sells 3,500 shares in plan trade
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Form Type
4
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) director and CEO Mac Armstrong reported the sale of a total of 3,500 shares of common stock on September 21, 2026, in open-market transactions by the Armstrong Family Trust at weighted average prices of $134.5956 and $135.5670, under a Rule 10b5-1 trading plan. After these transactions, Armstrong reports 160,166 shares of Palomar common stock held directly, which include 2,852 shares acquired through the 2019 Employee Stock Purchase Plan.
Insider Trade Summary 10b5-1
Net Seller: 3,500 shares
Net Sell
2 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,500 shs ($472K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 2,100 | $134.5956 | $283K |
| Sale | Common Stock F2 | 1,400 | $135.567 | $190K |
| Holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 318,888 shares (Indirect, By Armstrong Family Trust);
Common Stock — 160,166 shares (Direct)
Footnotes (2)
- F1. Includes 2,852 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 $134.1100 to $135.0800 (weighted average of $134.5956), inclusive; $135.1800 to $135.9800 (weighted average of $135.5670). 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 (first block): 2,100 shares
Weighted average sale price (first block): $134.5956 per share
Shares sold (second block): 1,400 shares
+4 more
7 metrics
Shares sold (first block)
2,100 shares
Common stock sold on September 21, 2026 by Armstrong Family Trust
Weighted average sale price (first block)
$134.5956 per share
Weighted average price for 2,100 shares sold in multiple trades
Shares sold (second block)
1,400 shares
Common stock sold on September 21, 2026 by Armstrong Family Trust
Weighted average sale price (second block)
$135.5670 per share
Weighted average price for 1,400 shares sold in multiple trades
Total shares sold
3,500 shares
Aggregate of both sale transactions reported for September 21, 2026
Shares held directly after transactions
160,166 shares
Direct common stock holdings reported after the September 21, 2026 trades
ESPP shares included in holdings
2,852 shares
Portion of direct holdings purchased under the 2019 Employee Stock Purchase Plan
Key Terms
Rule 10b5-1, weighted average price, Employee Stock Purchase Plan (ESPP), indirect ownership
4 terms
Rule 10b5-1 regulatory
"The Form 4 indicates the transactions were made under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
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
"Includes 2,852 shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)"
indirect ownership financial
"Ownership type for the sold shares is reported as indirect by Armstrong Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLMR CEO Mac Armstrong report?
Mac Armstrong reported selling 3,500 shares of Palomar Holdings, Inc. common stock on September 21, 2026, in open-market transactions executed by the Armstrong Family Trust at weighted average prices of $134.5956 and $135.5670, pursuant to a Rule 10b5-1 trading plan.
Were the September 21, 2026 PLMR stock sales under a Rule 10b5-1 plan?
Yes. The Form 4 indicates that the transactions were made under a Rule 10b5-1 trading plan, as reflected by the affirmative Rule 10b5-1 checkbox. This means the trades were executed pursuant to a pre-established trading arrangement.
What portion of Mac Armstrong’s PLMR holdings came from the ESPP?
A footnote states that his reported direct holdings of 160,166 shares include 2,852 shares purchased under the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
AI-generated analysis. How Rhea-AI works. Not financial advice.
