Form 4: Palomar Holdings CEO Sells 5,000 Shares Under Pre-Arranged Trading Plan
Insider Ownership Change
Palomar Holdings, Inc. CEO and Chairman Mac Armstrong reported the sale of 5,000 shares of common stock on June 23, 2025, under a Rule 10b5-1 trading plan.
Summary
- Mac Armstrong, the CEO and Chairman of Palomar Holdings, Inc. (PLMR), executed a transaction on June 23, 2025.
- He sold 5,000 shares of Palomar Holdings, Inc. common stock at a weighted average price of $158.1389 per share.
- The sale was conducted pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating a pre-scheduled transaction.
- Following this transaction, Mac Armstrong directly beneficially owns 70,186 shares of common stock.
- His direct holdings include 2,555 shares previously purchased through the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- Additionally, 387,388 shares are indirectly beneficially owned by the Armstrong Family Trust.
Sentiment
Score: 5
Explanation: The document is a factual report of an insider stock sale. While insider sales can sometimes be viewed negatively, this transaction was conducted under a pre-arranged 10b5-1 plan, which mitigates the immediate negative signal. The amount sold is also a relatively small portion of the insider's total holdings, suggesting a neutral impact on overall sentiment.
Future Outlook
The document, a Form 4, reports an insider stock transaction and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide information relevant to broader industry trends or competitive analysis within the insurance sector.
Stakeholder Impact
- Shareholders: The sale of 5,000 shares by the CEO, while under a pre-arranged plan, represents a minor reduction in direct insider ownership, which could be perceived neutrally to slightly negatively by some investors.
Key Dates
| Date | Description |
|---|---|
| 06/23/2025 | Date of earliest transaction, involving the sale of 5,000 shares of common stock by Mac Armstrong. |
| 06/25/2025 | Date the Form 4 was signed by Angela Grant, Attorney-in-Fact for Mac Armstrong. |
Keywords
Palomar Holdings, PLMR, Mac Armstrong, Insider Trading, Form 4, Stock Sale, CEO, Director, 10b5-1 Plan, Beneficial Ownership
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