Sundar PichaiSundar Pichai earned $164M in 2023

Mac Armstrong, the CEO of Palomar Holdings, is a seasoned leader in the insurance industry, boasting over a decade of experience in specialized markets. He graduated with a Business Administration degree from the University of California, Berkeley and has built...

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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 2 months (Feb 2014 - Present)

Previous Experience

President of Arrowhead General Insurance Agency

Rivals

Competitors/colleagues of Mac Armstrong

Holdings

See how much did Mac Armstrong make over time.

Mac Armstrong holds significant stock in Palomar Holdings, which is a testament to his commitment to the company's future success. As of December 31, 2023, he held around 120,000 shares of common stock with a market value of approximately $6.7...

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Total Stock Sold

$45.23M

PLMR

$45.23M

625,014 PLMR shares

What if they kept their stock?

If Mac Armstrong didn't sell their stock, today they would have:
Extra PLMR625,014 shares worth $32.84M.
This is -27.38% and $12.39M less than what they got when they sold the stock.

Charitable Transactions

PLMR

57,500 shares

PLMR

Recent Charitable Transactions

PLMR

6,000 shares

PLMR

Jun 2, 2022

Charity

PLMR

4,000 shares

PLMR

Nov 18, 2021

Charity

PLMR

12,500 shares

PLMR

Mar 22, 2021

Charity

PLMR

12,500 shares

PLMR

Feb 23, 2021

Charity

PLMR

12,500 shares

PLMR

Jan 21, 2021

Charity

PLMR

10,000 shares

PLMR

Dec 30, 2019

Charity

Insider Trading

See recent insider trades of Mac Armstrong.

PLMR

$1.30M

PLMR at $129.72/share

Mar 5, 2025

Sale

PLMR

$233.77K

PLMR at $104.50/share

Jan 31, 2025

Sale

PLMR

$264.78K

PLMR at $108.34/share

Jan 29, 2025

Sale

PLMR

$283.82K

PLMR at $101.69/share

Jan 26, 2025

Sale

PLMR

$771.42K

PLMR at $110.20/share

Jan 21, 2025

Sale

PLMR

$344.64K

PLMR at $109.27/share

Jan 15, 2025

Sale

PLMR

$441.44K

PLMR at $105.86/share

Jan 1, 2025

Sale

PLMR

$722.05K

PLMR at $103.15/share

Dec 23, 2024

Sale

PLMR

$758.91K

PLMR at $108.41/share

Nov 21, 2024

Sale

PLMR

$675.29K

PLMR at $96.47/share

Oct 21, 2024

Sale

Compensation History

See how much did Mac Armstrong make over time.

In 2023, Mac Armstrong's total compensation was approximately $3.54 million, which included a base salary of $850,000 and a performance bonus of $1.37 million. His compensation package was designed to reward company performance and includes significant stock options that vest based on future financial achievements. For example, he received 5,000 shares that vested completely in 2023, demonstrating a clear drive to link his personal gains with the company’s success. The compensation strategy emphasizes attracting and retaining top talent while ensuring that executive pay is closely tied to performance metrics such as adjusted net income and individual objectives. Over the years, Armstrong’s pay has reflected his leadership's impact, with a pay ratio of 23:1 compared to the median employee, indicating a balance in corporate governance.

Year

2023

Total Compensation

$725.00K

Salary

$400.00K

Board 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

$150.00K

Board 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

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid out in 2023.

Restricted Stock

$125.00K(5K common 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.