Palomar CEO sells 3,500 shares in planned trade
Rhea-AI Filing Summary
Palomar Holdings, Inc. (PLMR) reported that CEO and Chairman Mac Armstrong, through the Armstrong Family Trust, sold a total of 3,500 shares of common stock on August 21, 2026 in three open-market transactions at weighted average prices of $129.6514, $130.4942, and $131.3684. The sales occurred in multiple trades within stated price ranges and are affirmed as made pursuant to a Rule 10b5-1 trading plan. Separately, Armstrong directly holds 160,068 shares of common stock, which includes 2,754 shares acquired through the 2019 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,500 shares
Net Sell
4 txns
Insider
Armstrong Mac
Role
CEO and Chairman
Sold
3,500 shs ($457K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 369 | $129.6514 | $48K |
| Sale | Common Stock F2 | 2,339 | $130.4942 | $305K |
| Sale | Common Stock F2 | 792 | $131.3684 | $104K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 322,388 shares (Indirect, By Armstrong Family Trust);
Common Stock — 160,068 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 $128.9550 to $129.9400 (weighted average of $129.6514), inclusive; $130.0200 to $131.0100 (weighted average of $130.4942), inclusive; $131.0400 to $131.7700 (weighted average of $131.3684). 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 (Armstrong Family Trust): 3,500 shares
Weighted average sale price block 1: $129.6514 per share
Weighted average sale price block 2: $130.4942 per share
+3 more
6 metrics
Shares sold (Armstrong Family Trust)
3,500 shares
Common stock sold indirectly on August 21, 2026
Weighted average sale price block 1
$129.6514 per share
Sales within $128.9550–$129.9400 range on August 21, 2026
Weighted average sale price block 2
$130.4942 per share
Sales within $130.0200–$131.0100 range on August 21, 2026
Weighted average sale price block 3
$131.3684 per share
Sales within $131.0400–$131.7700 range on August 21, 2026
Direct holdings after transaction
160,068 shares
Common stock held directly by Mac Armstrong after reported transactions
ESPP shares included in direct holdings
2,754 shares
Shares purchased under the 2019 Employee Stock Purchase Plan included in 160,068 total
Key Terms
Rule 10b5-1, weighted average price, Employee Stock Purchase Plan (ESPP)
3 terms
Rule 10b5-1 regulatory
"transactions were made pursuant to 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
"shares purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP)."
FAQ
What insider transaction did PLMR disclose for CEO Mac Armstrong?
Palomar Holdings, Inc. disclosed that CEO Mac Armstrong, via the Armstrong Family Trust, sold 3,500 PLMR common shares on August 21, 2026 in three open-market transactions at weighted average prices between $129.6514 and $131.3684.
Were Mac Armstrong’s PLMR stock sales under a Rule 10b5-1 plan?
Yes. Palomar Holdings, Inc. indicated that the reported transactions were made pursuant to a Rule 10b5-1 trading plan, which means the trades followed a pre-arranged plan meeting regulatory requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
