Form 4: Palomar Holdings CEO Mac Armstrong Reports Stock Transactions
SEC Form 4
CEO Mac Armstrong reports the vesting of RSUs and subsequent sale of shares to cover tax obligations, along with adjustments to his holdings in Palomar Holdings.
Summary
- On April 15, 2025, Mac Armstrong, CEO and Chairman of Palomar Holdings, Inc., reported transactions involving common stock and Restricted Stock Units (RSUs).
- Armstrong acquired 6,250 shares of common stock through the vesting of RSUs at a price of $0.00.
- Simultaneously, 3,202 shares were sold at $153.0424 per share to cover tax withholding obligations.
- Following these transactions, Armstrong directly owns 70,186 shares of common stock and indirectly owns 402,388 shares through the Armstrong Family Trust.
- He also holds 31,250 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports required insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 07/15/2021 | Original RSU grant date for 125,000 shares |
| 04/15/2025 | Date of RSU vesting and stock sale |
| 04/17/2025 | Date of signature for the Form 4 filing |
Keywords
Palomar Holdings, Mac Armstrong, RSUs, Stock Transactions, Form 4, Beneficial Ownership, PLMR
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