Form 4: Palomar Holdings CEO Mac Armstrong Reports Stock Transactions
SEC Form 4 Filing
CEO Mac Armstrong reports the acquisition and disposal of Palomar Holdings stock, including transactions related to Restricted Stock Units (RSUs) and tax obligations.
Summary
- On January 31, 2025, Mac Armstrong, CEO and Chairman of Palomar Holdings, Inc., engaged in transactions involving the company's common stock.
- Armstrong acquired 4,266 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
- Simultaneously, 2,237 shares were sold at $104.50 to cover minimum statutory tax withholding obligations related to the RSU vesting.
- Following these transactions, Armstrong directly owns 67,011 shares of common stock and indirectly owns 412,388 shares through the Armstrong Family Trust.
- The reported transactions also include 4,266 derivative securities (RSUs) beneficially owned.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Original RSU grant date for 12,798 shares. |
| 01/31/2025 | Date of stock transactions: RSU vesting and sale of shares for tax obligations. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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