---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038523"
form_type: "8-K"
ticker: "PLMR"
cik: "0001761312"
company_name: "Palomar Holdings, Inc."
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:50:21.600143+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-038523
- form_type: 8-K
- ticker: PLMR
- cik: 0001761312
- company_name: Palomar Holdings, Inc.
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761312/000143774924038523/0001437749-24-038523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761312/000143774924038523/plmr20241223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038523
- JSON: https://secwatch.observer/filing/0001437749-24-038523.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038523.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.