In 2023, Mac Armstrong earned $725.00K in total compensation at Palomar Holdings, Inc., including $400.00K salary, $150.00K bonus and $125.00K in stock. Most recently sold 15,000 shares in Mar 2025. Currently holds stock worth $67.33M. Has donated $6.87M in stock to charitable causes. Has led Palomar Holdings, Inc. for over 11 years.
Compensation History
Annual executive compensation data for Mac Armstrong, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$725.00K
Salary
$400.00K
Bonus
$150.00K
Other
$50.00K
Salary
$400.00KBoard Justification
The compensation philosophy focuses on aligning executive pay with company performance, ensuring competitive compensation to attract and retain top talent, and incorporating feedback from shareholders.
Bonus
$150.00KBoard Justification
The annual cash bonus is based on the company's performance metrics, including pre-tax adjusted net income and management by objectives (MBOs) for the year 2023.
Other Compensation
$50.00KBoard Justification
Other compensation includes retirement contributions and health benefits paid out in 2023.
Restricted Stock
Board Justification
5,000 shares of common stock vested in 2023 as part of the long-term equity compensation plan, which is tied to performance metrics over a multi-year period.
Performance Metrics
The performance metrics for 2023 included pre-tax adjusted net income and individual management by objectives (MBOs) tied to sustainability and financial performance.
Mac Armstrong
CEO of Palomar Holdings, Inc.
Education
A.B. from Princeton University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1977 - 48 years ago
CEO of Palomar Holdings, Inc. for
11 years 10 months (Feb 2014 - Present)
Previous Experience
President of Arrowhead General Insurance Agency
Holdings
Track Mac Armstrong's stock holdings and portfolio value over time.
Total Stock Sold
$45.88M
$45.88M
630,014 PLMR shares
What if they kept their stock?
If Mac Armstrong didn't sell their stock, today they would have:
Extra PLMR630,014 shares worth $75.23M.
This is 63.99% and $29.36M more than what they got when they sold the stock.
Charitable Transactions
57,500 shares
PLMR
Recent Charitable Transactions
6,000 shares
PLMR
Jun 2, 2022
Charity
4,000 shares
PLMR
Nov 18, 2021
Charity
12,500 shares
PLMR
Mar 22, 2021
Charity
12,500 shares
PLMR
Feb 23, 2021
Charity
12,500 shares
PLMR
Jan 21, 2021
Charity
10,000 shares
PLMR
Dec 30, 2019
Charity
Insider Trading
Mac Armstrong's recent stock transactions, purchases, and sales filed with the SEC.
$1.95M
PLMR at $129.72/share
Mar 5, 2025
Sale
$233.77K
PLMR at $104.50/share
Jan 31, 2025
Sale
$264.78K
PLMR at $108.34/share
Jan 29, 2025
Sale
$283.82K
PLMR at $101.69/share
Jan 26, 2025
Sale
$771.42K
PLMR at $110.20/share
Jan 21, 2025
Sale
$344.64K
PLMR at $109.27/share
Jan 15, 2025
Sale
$441.44K
PLMR at $105.86/share
Jan 1, 2025
Sale
$722.05K
PLMR at $103.15/share
Dec 23, 2024
Sale
$758.91K
PLMR at $108.41/share
Nov 21, 2024
Sale
$675.29K
PLMR at $96.47/share
Oct 21, 2024
Sale
Rivals
Compare Mac Armstrong with competitor CEOs and industry peers.