Palomar CEO’s Quiet RSU Vesting: 6,250 Shares Auto‑Granted, 2,310 Sold at $130, No Market‑Mover Move Amid Analyst Upgrade to $155.

Palomar Holdings Insider Activity: What the Latest Deal Tells Investors

A Quiet RSU Vesting in a Volatile Market On January 15, 2026, CEO and Chairman Armstrong Mac purchased 6,250 shares of common stock that had just vested as restricted stock units (RSUs). The transaction occurred at a price of $0.00 in the filing—reflecting the fact that the shares were acquired automatically as part of the RSU vesting schedule, not through a market purchase. The same day, 2,310 shares were sold at $130.00, the prevailing market price, to satisfy the mandatory tax‑withholding portion of the RSU award. Mac’s post‑transaction holdings rose to 82,624 shares, up from 76,374 before the vest. The move is essentially a routine vesting event, but it sits against a backdrop of a slight 0.28% weekly decline in the stock and a recent JP Morgan upgrade that lifted the target to $155.

Implications for Shareholders The activity underscores a key trend: Palomar’s executive team is gradually monetizing its equity without disrupting the stock price. The 6,250 share sale on the same day, executed at market price, shows that Mac is comfortable with the current valuation and is not attempting to accumulate additional shares at a discount. For investors, this suggests that the company’s insiders are neither hawk‑ish nor overly aggressive in their trade timing. The lack of large, market‑moving buys or sells indicates that insiders view Palomar’s long‑term prospects as stable, even as the insurance sector faces regulatory and climate‑risk headwinds.

A Pattern of Steady Vesting and Moderate Liquidity A review of Mac’s recent history reveals a consistent pattern: quarterly RSU vesting, modest daily sales to cover taxes, and occasional market purchases that keep his holdings in the low‑thousands of shares. His most recent large sale in December 2025—selling 800 shares at $135.04—was part of a series of small sales that together reduced his stake from 357,588 to 353,388 shares. These moves are in line with standard RSU vesting schedules and suggest that Mac is following the company’s equity‑compensation plan rather than pursuing opportunistic trades.

What This Means for Palomar’s Future The steadiness of insider activity, combined with the recent analyst upgrade, points to a company that is on a clear path toward revenue growth in niche earthquake and surplus‑lines markets. The absence of significant insider selling pressure is a positive sign for long‑term shareholders, implying that executives believe the current valuation will rise as the company expands its geographic footprint and capitalizes on rising catastrophe risk premiums. However, investors should remain mindful of the sector’s volatility and the potential impact of changing insurance regulations or climate‑related losses.

Armstrong Mac: The Executive You Can Trust Mac’s trading pattern paints the picture of a seasoned executive who balances personal equity exposure with the company’s long‑term interests. Over the past year, his holdings have hovered around 350,000 shares—enough to maintain a meaningful stake but not so large as to threaten dilution. He has historically sold shares in small, regular increments, often aligning sales with RSU vesting and tax‑withholding needs. This disciplined approach indicates a focus on long‑term value creation rather than short‑term market swings. For investors, Mac’s track record suggests stability and a commitment to the company’s growth strategy.

In sum, Palomar Holdings’ latest insider transaction is a routine vesting event that reflects a broader pattern of cautious, rule‑based equity management. The company’s fundamentals remain solid, and the recent upgrade signals confidence from analysts. For shareholders, the current insider activity should be viewed as a neutral, even reassuring, development rather than a warning sign.