Palomar Holdings extends CEO Mac Armstrong's contract through 2029 with enhanced compensation

Palomar Holdings, Inc.

New employment agreement from Jan 1, 2025 to Jan 1, 2029, renewable annually.
Base salary set at $1,250,000; target bonus 175% of base; max bonus 350% of base.
Annual LTI award target 300% of base salary, subject to Compensation Committee approval.
Severance on termination without cause or for good reason: 2x base plus target bonus, 24 months COBRA, full equity acceleration.
CEO also receives continued equity vesting upon resignation after initial term if consulting arrangement is in place.

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