Mac Armstrong, who runs Palomar Holdings, sold some shares. Five thousand of them, to be precise. Happened January 21st, 2026. About $645,000 worth. It’s just what people do, you know? CEOs sell shares. So it goes.
The Numbers, Such as They Are
| Metric | Value |
|---|---|
| Shares sold (indirect) | 5,000 |
| Transaction value | ~$645,000 |
| Post-transaction shares (direct) | 80,314 |
| Post-transaction shares (indirect) | 348,388 |
| Post-transaction value (direct ownership) | ~$10.4 million |
The price used for the sale was $129.00. The market closed at $130.00 that day. A dollar. What’s a dollar, really? It buys less and less, and soon enough, it won’t buy anything at all. But for now, it marks the passage of shares.
What Does it Mean? If Anything.
- How much of Armstrong’s holdings did this represent? 1.15%. A sliver. Like a lost eyelash in the grand scheme of things.
- Was this unusual? Not particularly. He’s been doing this for a while, selling about 5,000 shares periodically. A steady drip, drip, drip. It’s predictable. And predictability, these days, feels like a minor miracle.
Palomar, Briefly
| Metric | Value |
|---|---|
| Revenue (TTM) | $778.36 million |
| Net income (TTM) | $175.87 million |
| Price (as of Jan. 31, 2026) | $123.59 |
| 1-year price change | 13.77% |
A year. A blink of an eye, geologically speaking.
A Snapshot, If You Insist
Palomar insures things. Niche things. Earthquakes, floods, inland marine stuff. The things big insurance companies don’t bother with. They’re good at it, apparently. Disciplined underwriting. Diversified distribution. It sounds… responsible. Which is almost quaint.
The Automatic Bits
A few days later, Armstrong got 22,907 shares. A performance award. Three years in the making. They vested on January 28th. But 11,484 of those shares were immediately taken away. For taxes. It wasn’t a choice. It was just… how things work. The system taking its cut. He was left with 91,737 direct shares, worth about $11.34 million. A tidy sum. Enough to feel slightly less helpless in the face of the inevitable.
Palomar had a good 2025. Shares fell 8% last month, but Wall Street remains optimistic. Natural disasters are increasing, and the insurance market is growing. It’s a grim calculus, really. Profiting from misfortune. But then, what isn’t, these days? So it goes.
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2026-01-31 11:12