secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001437749-24-038523
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924038523/0001437749-24-038523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924038523/plmr20241223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-038523

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer