Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-22

Palomar Holdings, Inc. (PLMR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$8,961,148
Mac Armstrong total, FY2025
80th
CEO pay percentile vs peers
65:1
CEO-to-median pay ratio
92.63%
Say-on-pay support, latest vote
Companies that benchmark against PLMR
12 companies name PLMR as a compensation peer

Each company listed discloses PLMR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PLMR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mac Armstrong$1,243,269$0$3,862,330$0$3,843,298$0$12,250$8,961,148
Chairman of the Board and Chief Executive Officer
Chris Uchida589,92701,310,93201,040,106012,2502,953,215
Chief Financial Officer
Jon Christianson556,03501,206,6970980,370015,0152,758,117
President
Jon Knutzen493,7890968,5090782,715012,2502,257,263
Chief Risk Officer
Rodolphe Herv445,4350688,8980548,516014,2451,697,093
Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mac Armstrong$8,961,148$5,469,403$3,541,369+3,491,745
Chris Uchida2,953,2151,784,7131,184,756+1,168,502
Jon Christianson2,758,1171,684,2491,123,134+1,073,868
Jon Knutzen2,257,2631,560,0681,000,033+697,195
Rodolphe Herv1,697,0931,597,081+100,012

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jon ChristiansonPresident2026-04-15D80$129$10,347CommonForm 4 ↗
Mac ArmstrongDirector2026-04-15D3,197129413,884CommonForm 4 ↗
Mac ArmstrongDirector2026-04-15D6,25000Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-04-15A1,9371529,055CommonForm 4 ↗
Dividend-equivalent accruals2026-04-151,9371 insider, 1 accrual row
Mac ArmstrongDirector2026-04-15A6,25000CommonForm 4 ↗
Jon ChristiansonPresident2026-04-15D1,857129238,796CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D67813188,893CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D1,200132158,080CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D1,622130210,706CommonForm 4 ↗
Dividend-equivalent accruals2026-05-183,1623 insiders, 3 accrual rows
Jon KnutzenChief Risk Officer2026-05-18D28111532,388CommonForm 4 ↗
Chris UchidaChief Financial Officer2026-05-18D78311590,249CommonForm 4 ↗
Jon ChristiansonPresident2026-05-18A1,02000CommonForm 4 ↗
Jon KnutzenChief Risk Officer2026-05-18A61200CommonForm 4 ↗
Chris UchidaChief Financial Officer2026-05-18A1,53000CommonForm 4 ↗
Jon ChristiansonPresident2026-05-18D52211560,166CommonForm 4 ↗
Scott L. BeiserDirector2026-05-21A86900CommonForm 4 ↗
Scott L. BeiserDirector2026-05-21A1,30400CommonForm 4 ↗
Mac ArmstrongDirector2026-05-21D1,328114151,300CommonForm 4 ↗
Daina MiddletonDirector2026-05-21A1,30400CommonForm 4 ↗
Richard H. TaketaDirector2026-05-21A1,30400CommonForm 4 ↗
Catriona FallonDirector2026-05-21A1,30400CommonForm 4 ↗
Thomas A. BradleyDirector2026-05-21A1,30400CommonForm 4 ↗
Daryl BradleyDirector2026-05-21A1,30400CommonForm 4 ↗
Mac ArmstrongDirector2026-05-21D2,172115249,062CommonForm 4 ↗
Martha NotarasDirector2026-05-21A1,30400CommonForm 4 ↗
Martha NotarasDirector2026-06-02A1,7225899,979CommonForm 4 ↗
Dividend-equivalent accruals2026-06-021,7221 insider, 1 accrual row
Mac ArmstrongDirector2026-06-22D2,005113226,004CommonForm 4 ↗
Mac ArmstrongDirector2026-06-22D1,495113169,351CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28A82000CommonForm 4 ↗
Dividend-equivalent accruals2026-06-281,3121 insider, 2 accrual rows
Timothy CarterChief People Officer2026-06-28A49200CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D18012422,373CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D30012437,288CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02A2,43450120,556CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D2,43400Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D4,42900Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D4,429140617,846CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02A4,42988387,582CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D2,434140339,543CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D112,50000Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D57,5441327,576,243CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D3,197132420,917CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15A6,25000CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15A112,50000CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D6,25000Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20A3,00088262,530CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20D3,000140418,500CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20D3,00000Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D20013927,886CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D937138129,061CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D26013836,001CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D2,103137287,477CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 58 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jon ChristiansonPresident2026-04-15D80$129$10,347CommonForm 4 ↗
Mac ArmstrongDirector2026-04-15D3,197129413,884CommonForm 4 ↗
Mac ArmstrongDirector2026-04-15D6,25000Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-04-15A1,9371529,055CommonForm 4 ↗
Jon ChristiansonPresident2026-04-15D1,93700Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-04-15A6,25000CommonForm 4 ↗
Jon ChristiansonPresident2026-04-15D1,857129238,796CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D67813188,893CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D1,200132158,080CommonForm 4 ↗
Mac ArmstrongDirector2026-04-21D1,622130210,706CommonForm 4 ↗
Chris UchidaChief Financial Officer2026-05-18D1,53000Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-05-18D1,02000Derivative, Class A CommonForm 4 ↗
Jon KnutzenChief Risk Officer2026-05-18D28111532,388CommonForm 4 ↗
Chris UchidaChief Financial Officer2026-05-18D78311590,249CommonForm 4 ↗
Jon ChristiansonPresident2026-05-18A1,02000CommonForm 4 ↗
Jon KnutzenChief Risk Officer2026-05-18A61200CommonForm 4 ↗
Jon KnutzenChief Risk Officer2026-05-18D61200Derivative, Class A CommonForm 4 ↗
Chris UchidaChief Financial Officer2026-05-18A1,53000CommonForm 4 ↗
Jon ChristiansonPresident2026-05-18D52211560,166CommonForm 4 ↗
Scott L. BeiserDirector2026-05-21A86900CommonForm 4 ↗
Scott L. BeiserDirector2026-05-21A1,30400CommonForm 4 ↗
Mac ArmstrongDirector2026-05-21D1,328114151,300CommonForm 4 ↗
Daina MiddletonDirector2026-05-21A1,30400CommonForm 4 ↗
Richard H. TaketaDirector2026-05-21A1,30400CommonForm 4 ↗
Catriona FallonDirector2026-05-21A1,30400CommonForm 4 ↗
Thomas A. BradleyDirector2026-05-21A1,30400CommonForm 4 ↗
Daryl BradleyDirector2026-05-21A1,30400CommonForm 4 ↗
Mac ArmstrongDirector2026-05-21D2,172115249,062CommonForm 4 ↗
Martha NotarasDirector2026-05-21A1,30400CommonForm 4 ↗
Martha NotarasDirector2026-06-02A1,7225899,979CommonForm 4 ↗
Martha NotarasDirector2026-06-02D1,72200Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-06-22D2,005113226,004CommonForm 4 ↗
Mac ArmstrongDirector2026-06-22D1,495113169,351CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28A82000CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D82000Derivative, Class A CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28A49200CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D49200Derivative, Class A CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D18012422,373CommonForm 4 ↗
Timothy CarterChief People Officer2026-06-28D30012437,288CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02A2,43450120,556CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D2,43400Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D4,42900Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D4,429140617,846CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02A4,42988387,582CommonForm 4 ↗
Jon ChristiansonPresident2026-07-02D2,434140339,543CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D112,50000Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D57,5441327,576,243CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D3,197132420,917CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15A6,25000CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15A112,50000CommonForm 4 ↗
Mac ArmstrongDirector2026-07-15D6,25000Derivative, Class A CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20A3,00088262,530CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20D3,000140418,500CommonForm 4 ↗
Jon ChristiansonPresident2026-07-20D3,00000Derivative, Class A CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D20013927,886CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D937138129,061CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D26013836,001CommonForm 4 ↗
Mac ArmstrongDirector2026-07-21D2,103137287,477CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mac ArmstrongRSU2025-01-2917,156$1,863,656
Jon KnutzenPSU2025-01-292,1514,3028,604501,183
Rodolphe HervRSU2025-01-291,5303,0606,120356,490
Rodolphe HervRSU2025-01-293,060332,408
Mac ArmstrongPSU2025-01-298,57817,15634,1321,998,674
Chris UchidaPSU2025-01-292,9125,82311,646678,380
Jon ChristiansonPSU2025-01-292,6805,36010,720624,440
Chris UchidaRSU2025-01-295,823632,552
Jon KnutzenRSU2025-01-294,302467,326
Jon ChristiansonRSU2025-01-295,360582,257
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mac Armstrong$1,863,656$1,998,674$051.7%
Jon Knutzen467,326501,183051.7%
Rodolphe Herv688,898000.0%
Chris Uchida632,552678,380051.7%
Jon Christianson582,257624,440051.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mac ArmstrongRSU243,750$19,662,750
Mac ArmstrongRSU34,9854,714,579
Jon KnutzenRSU25,1751,640,118
Jon KnutzenRSU8,9941,212,031
Jon ChristiansonRSU41,9592,733,552
Chris UchidaRSU62,9384,100,289
Mac ArmstrongRSU48,3406,514,298
Mac ArmstrongRSU27,1913,664,259
Chris UchidaRSU16,4072,211,007
Chris UchidaRSU6,718905,318
Jon ChristiansonRSU6,343854,783
Jon KnutzenRSU5,672764,359
Jon ChristiansonRSU15,1022,035,146
Jon KnutzenRSU12,1211,633,426
Chris UchidaRSU10,2951,387,354
Jon ChristiansonRSU9,6941,306,363
05

Incentive-plan design — the Compensation Discussion & Analysis

Palomar has adopted a pay-for-performance compensation philosophy through which we seek to provide a competitive total rewards package aimed at attracting, retaining, and incentivizing a high-performing executive team and geared toward the future growth and success of the Company.

CEO STI target (% of salary)175%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2121,123,3681,680,51420,83892.63%Passed
20252025-05-2220,591,4141,772,53841,02792.07%Passed
20242024-05-2320,145,1871,255,0202,85094.14%Passed
20232023-05-2519,568,0542,023,6532,71390.63%Passed
20222022-05-264,535,19416,271,1264,97521.79%Failed
20212021-05-2717,019,3234,768,9482,47678.1%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2192.63%a
20252025-05-2292.07%b
20242024-05-2394.14%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote for this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote for this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote for this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)65 : 1
CEO total compensation$8,961,148
Median employee compensation$137,979
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard H. TaketaIndependent · Lead Independent Director · Compensation (Chair) · Investment$180,000$114,986$0$0$0$294,986
Catriona FallonIndependent · Audit (Chair) · Investment150,000114,986000264,986
Daina MiddletonIndependent · Audit · Compensation · Sustainability (Chair)135,000114,986000249,986
Daryl BradleyIndependent · Audit · Enterprise Risk Management (Chair) · Sustainability135,000114,986000249,986
Martha NotarasIndependent · Compensation · Enterprise Risk Management135,000114,986000249,986
Thomas BradleyIndependent · Audit · Compensation · Investment (Chair) · Enterprise Risk Management130,000114,986000244,986
Mac ArmstrongEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$865,000
Equity awards (grant-date value)$689,916
All other compensation$0
Total cost of the board$1,554,916

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Palomar Holdings, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Palomar Holdings, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Assured Guaranty2025Dominic Frederico$1,250,000$9,413,231$0$2,510,955$13,841,716
2The Hanover Insurance Group2025John Roche1,138,4624,603,5571,400,0233,220,00010,486,571
3Hamilton Insurance Group2025Giuseppina Albo1,300,0003,900,00003,640,0008,976,000
4Palomar Holdings, Inc.2025Mac Armstrong1,243,2693,862,33003,843,2988,961,148
5First American Financial Corp.2025Mark Seaton907,8274,800,87002,556,0008,281,947
6HCI Group2025Paresh Patel950,0000008,236,000
7White Mountains Insurance Group2025G. Manning Rountree600,0005,954,61801,200,0008,064,309
8Steward Information Services2025Frederick Eppinger1,100,0004,399,91002,206,1747,865,929
9RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
10Kinsale Capital Group2025Michael Kehoe1,250,0002,749,589007,423,891
11Selective Insurance Group2025John Marchioni1,050,0004,000,07601,575,0006,858,564
12Lemonade, Inc.2025Daniel Schreiber528,24205,398,70506,076,514
13Skyward Specialty Insurance2025Andrew Robinson975,0001,563,11702,973,0005,532,117
14The Baldwin Insurance Group2025Trevor Baldwin400,0003,068,03201,785,0005,253,032
15Safety Insurance Group2025George Murphy850,0001,100,00001,476,8804,187,838
16Kemper Corporation2025C. Thomas Evans, Jr.561,1541,733,978248,626395,0003,090,806

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Palomar Holdings, Inc.176%PSU 50 · RSU 50NoPay Governance
Assured Guaranty201%PSU 60 · RSU 40Yes — TSR relative to Russell Midcap Index - Financials 55th percentileFW Cook
First American Financial Corp.142%RSU 50 · PSU 50NoSemler Brossy Consulting Group, LLC
Hamilton Insurance Group175%PSU 50 · RSU 50NoMercer (US) LLC
HCI Groupnot disclosedRSU 100not disclosednot disclosed
Kemper Corporation78%PSU 60 · Options 20 · RSU 20NoFrederic W. Cook & Co., Inc.
Kinsale Capital Group272%RSU 100not disclosedSemler Brossy
Lemonade, Inc.not disclosednot disclosednot disclosedAon Human Capital Solutions (Aon HCS), a division of Aon plc
RLI Corp.not disclosedOptions 100not disclosedLockton Financial Advisors, LLC
Safety Insurance Group139%PSU 55 · RSU 45NoPay Governance
Selective Insurance Group150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
Skyward Specialty Insurance150%PSU 67 · RSU 33NoFrederic W. Cook & Co., Inc.
Steward Information Services114.6%PSU 50 · RSU 50NoMercer (US) LLC
The Baldwin Insurance Group111.6%PSU 100Yes — Relative TSR v. Compensation Peer GroupFrederic W. Cook & Co., Inc.
The Hanover Insurance Group140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
White Mountains Insurance Group200%PSU 50 · RSU 50Nonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Palomar Holdings, Inc. in fiscal 2025?
Mac Armstrong, Chairman of the Board and Chief Executive Officer, was the highest-paid executive at Palomar Holdings, Inc. in fiscal 2025 with total compensation of $8,961,148.
How does Palomar Holdings, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows the CEO's pay was at the 80th percentile of the disclosed peer group.
What is Palomar Holdings, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 65:1 as disclosed.
How did shareholders vote on Palomar Holdings, Inc.'s executive compensation?
Shareholders voted 92.63% in support of the executive compensation plan.
How much does Palomar Holdings, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $1,554,916.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mac ArmstrongDEF 14A2026-04-100002071876-26-000105Section “SUMMARY COMPENSATION TABLE” · page 52. As printed: 8,961,148. Filing ↗machine: r1 · c6 · span 800817–800826
2Section 01, Chris UchidaDEF 14A2026-04-100002071876-26-000105Section “SUMMARY COMPENSATION TABLE” · page 52. As printed: 2,953,215. Filing ↗machine: r4 · c6 · span 805014–805023
3Section 01, Jon ChristiansonDEF 14A2026-04-100002071876-26-000105Section “SUMMARY COMPENSATION TABLE” · page 52. As printed: 2,758,117. Filing ↗machine: r7 · c6 · span 809022–809031
4Section 01, Jon KnutzenDEF 14A2026-04-100002071876-26-000105Section “SUMMARY COMPENSATION TABLE” · page 52. As printed: 2,257,263. Filing ↗machine: r10 · c6 · span 813061–813070
5Section 01, Rodolphe HervDEF 14A2026-04-100002071876-26-000105Section “SUMMARY COMPENSATION TABLE” · page 52. As printed: 1,697,093. Filing ↗machine: t293 · span 817109–817118
6Section 03, Mac Armstrong RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r3 · c7 · span 836950–836956
7Section 03, Jon Knutzen PSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r12 · c7 · span 856804–856809
8Section 03, Rodolphe Herv RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · span 864074–864081
9Section 03, Rodolphe Herv RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · span 866164–866171
10Section 03, Mac Armstrong PSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r3 · c7 · span 836950–836956
11Section 03, Chris Uchida PSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r6 · c7 · span 843496–843501
12Section 03, Jon Christianson PSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r9 · c7 · span 850158–850163
13Section 03, Chris Uchida RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r6 · c7 · span 843496–843501
14Section 03, Jon Knutzen RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r12 · c7 · span 856804–856809
15Section 03, Jon Christianson RSUDEF 14A2026-04-100002071876-26-000105Section “2025 Grant of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t300 · r9 · c7 · span 850158–850163
16Section 07, pay ratioDEF 14A2026-04-100002071876-26-000105Section “CEO Pay Ratio”. As printed: 65 : 1. Filing ↗machine: span 1006306–1006313
17Section 08, Richard H. TaketaDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 294,986. Filing ↗machine: t141 · r6 · c4 · span 395565–395572
18Section 08, Catriona FallonDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 264,986. Filing ↗machine: t141 · r3 · c4 · span 392424–392431
19Section 08, Daina MiddletonDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 249,986. Filing ↗machine: t141 · r4 · c4 · span 393402–393409
20Section 08, Daryl BradleyDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 249,986. Filing ↗machine: t141 · r1 · c4 · span 390439–390446
21Section 08, Martha NotarasDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 249,986. Filing ↗machine: t141 · r5 · c4 · span 394406–394413
22Section 08, Thomas BradleyDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 244,986. Filing ↗machine: t141 · r2 · c4 · span 391416–391423
23Section 08, Mac ArmstrongDEF 14A2026-04-100002071876-26-000105Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Jon Christianson 2026-04-15Form 42026-04-160001214659-26-004741Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Mac Armstrong 2026-04-15Form 42026-04-170001214659-26-004800Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Mac Armstrong 2026-04-15Form 42026-04-170001214659-26-004800Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Jon Christianson 2026-04-15Form 42026-04-160001214659-26-004741Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Jon Christianson 2026-04-15Form 42026-04-160001214659-26-004741Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Mac Armstrong 2026-04-15Form 42026-04-170001214659-26-004800Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Jon Christianson 2026-04-15Form 42026-04-160001214659-26-004741Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Mac Armstrong 2026-04-21Form 42026-04-220001214659-26-004979Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Mac Armstrong 2026-04-21Form 42026-04-220001214659-26-004979Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Mac Armstrong 2026-04-21Form 42026-04-220001214659-26-004979Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Chris Uchida 2026-05-18Form 42026-05-200001214659-26-006611Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jon Christianson 2026-05-18Form 42026-05-200001214659-26-006609Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jon Knutzen 2026-05-18Form 42026-05-200001214659-26-006612Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Chris Uchida 2026-05-18Form 42026-05-200001214659-26-006611Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jon Christianson 2026-05-18Form 42026-05-200001214659-26-006609Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Jon Knutzen 2026-05-18Form 42026-05-200001214659-26-006612Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Jon Knutzen 2026-05-18Form 42026-05-200001214659-26-006612Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Chris Uchida 2026-05-18Form 42026-05-200001214659-26-006611Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jon Christianson 2026-05-18Form 42026-05-200001214659-26-006609Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Scott L. Beiser 2026-05-21Form 42026-05-260001214659-26-006733Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Scott L. Beiser 2026-05-21Form 42026-05-260001214659-26-006733Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Mac Armstrong 2026-05-21Form 42026-05-220001214659-26-006696Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Daina Middleton 2026-05-21Form 42026-05-260001214659-26-006737Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Richard H. Taketa 2026-05-21Form 42026-05-260001214659-26-006739Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Catriona Fallon 2026-05-21Form 42026-05-260001214659-26-006736Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Thomas A. Bradley 2026-05-21Form 42026-05-260001214659-26-006735Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Daryl Bradley 2026-05-21Form 42026-05-260001214659-26-006734Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Mac Armstrong 2026-05-21Form 42026-05-220001214659-26-006696Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Martha Notaras 2026-05-21Form 42026-05-260001214659-26-006738Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Martha Notaras 2026-06-02Form 42026-06-030001214659-26-007124Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Martha Notaras 2026-06-02Form 42026-06-030001214659-26-007124Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Mac Armstrong 2026-06-22Form 42026-06-240001214659-26-007698Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Mac Armstrong 2026-06-22Form 42026-06-240001214659-26-007698Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Timothy Carter 2026-06-28Form 42026-06-300001214659-26-007926Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Jon Christianson 2026-07-02Form 42026-07-060001214659-26-008216Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Mac Armstrong 2026-07-15Form 42026-07-170001214659-26-008673Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Jon Christianson 2026-07-20Form 42026-07-210001214659-26-008767Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Jon Christianson 2026-07-20Form 42026-07-210001214659-26-008767Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Jon Christianson 2026-07-20Form 42026-07-210001214659-26-008767Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Mac Armstrong 2026-07-21Form 42026-07-220001214659-26-008828Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Mac Armstrong 2026-07-21Form 42026-07-220001214659-26-008828Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Mac Armstrong 2026-07-21Form 42026-07-220001214659-26-008828Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Mac Armstrong 2026-07-21Form 42026-07-220001214659-26-008828Insider equity transaction reported since the proxy statement. Filing ↗
82Section 06, 2026 voteForm 8-K2026-05-260001193125-26-239334Item 5.07 · say-on-pay result. As reported: 92.63% (votes for as printed: 21,123,368). Filing ↗
83Section 06, 2025 voteForm 8-K2025-05-220001437749-25-018147Item 5.07 · say-on-pay result. As reported: 92.07% (votes for as printed: 20,591,414). Filing ↗
84Section 06, 2024 voteForm 8-K2024-05-230001437749-24-018181Item 5.07 · say-on-pay result. As reported: 94.14% (votes for as printed: 20,145,187). Filing ↗
85Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
86Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
87Section 09b board cost (computed)ComputedcomputedCash 865,000 + equity 689,916 + all other 0 = 1,554,916, summed across the director compensation table rows.machine: formula: Σ = 1,554,916
88Assured Guaranty, Section 10b CEO totalDEF 14A2026-03-180001273813-26-000028CEO total compensation as printed in Assured Guaranty's own proxy. As printed: 13,841,716. Filing ↗machine: r2 · c18 · span 998629–998640
89The Hanover Insurance Group, Section 10b CEO totalDEF 14A2026-03-260001193125-26-125009CEO total compensation as printed in The Hanover Insurance Group's own proxy. As printed: 10,486,571. Filing ↗machine: t68 · r4 · c7 · span 1352246–1352256
90Hamilton Insurance Group, Section 10b CEO totalDEF 14A2026-03-240001593275-26-000037CEO total compensation as printed in Hamilton Insurance Group's own proxy. As printed: 8,976,000. Filing ↗machine: t122 · r3 · c8 · span 791737–791746
91Palomar Holdings, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-100002071876-26-000105CEO total compensation as printed in Palomar Holdings, Inc.'s own proxy. As printed: 8,961,148. Filing ↗machine: r1 · c6 · span 800817–800826
92First American Financial Corp., Section 10b CEO totalDEF 14A2026-03-300001193125-26-130349CEO total compensation as printed in First American Financial Corp.'s own proxy. As printed: 8,281,947. Filing ↗machine: t120 · r3 · c36 · span 1481750–1481759
93HCI Group, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191649CEO total compensation as printed in HCI Group's own proxy. As printed: 8,236,000. Filing ↗machine: span 700093–700102
94White Mountains Insurance Group, Section 10b CEO totalDEF 14A2026-04-010001104659-26-038487CEO total compensation as printed in White Mountains Insurance Group's own proxy. As printed: 8,064,309. Filing ↗machine: r1 · c17 · span 467331–467340
95Steward Information Services, Section 10b CEO totalDEF 14A2026-03-250001104659-26-034511CEO total compensation as printed in Steward Information Services's own proxy. As printed: 7,865,929. Filing ↗machine: span 772754–772763
96RLI Corp., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corp.'s own proxy. As printed: 7,691,732. Filing ↗machine: t146 · r9 · c18 · span 1221310–1221319
97Kinsale Capital Group, Section 10b CEO totalDEF 14A2026-04-090001669162-26-000020CEO total compensation as printed in Kinsale Capital Group's own proxy. As printed: 7,423,891. Filing ↗machine: r3 · c42 · span 299293–299302
98Selective Insurance Group, Section 10b CEO totalDEF 14A2026-03-260001104659-26-034953CEO total compensation as printed in Selective Insurance Group's own proxy. As printed: 6,858,564. Filing ↗machine: span 752843–752852
99Lemonade, Inc., Section 10b CEO totalDEF 14A2026-04-220001691421-26-000024CEO total compensation as printed in Lemonade, Inc.'s own proxy. As printed: 6,076,514. Filing ↗machine: t15 · r2 · c25 · span 368101–368110
100Skyward Specialty Insurance, Section 10b CEO totalDEF 14A2026-03-250001519449-26-000021CEO total compensation as printed in Skyward Specialty Insurance's own proxy. As printed: 5,532,117. Filing ↗machine: span 512894–512903
101The Baldwin Insurance Group, Section 10b CEO totalDEF 14A2026-04-220001781755-26-000027CEO total compensation as printed in The Baldwin Insurance Group's own proxy. As printed: 5,253,032. Filing ↗machine: r3 · c45 · span 1118179–1118188
102Safety Insurance Group, Section 10b CEO totalDEF 14A2026-03-310001172052-26-000009CEO total compensation as printed in Safety Insurance Group's own proxy. As printed: 4,187,838. Filing ↗machine: t51 · r5 · c16 · span 552394–552403
103Kemper Corporation, Section 10b CEO totalDEF 14A2026-03-250000860748-26-000030CEO total compensation as printed in Kemper Corporation's own proxy. As printed: 3,090,806. Filing ↗machine: t120 · r4 · c16 · span 924415–924424
104Section 10a, Assured Guaranty reciprocityDEF 14A0001273813-26-000028Assured Guaranty's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
105Section 10a, Steward Information Services reciprocityDEF 14A0001104659-26-034511Steward Information Services's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
106Section 10a, Safety Insurance Group reciprocityDEF 14A0001172052-26-000009Safety Insurance Group names Palomar Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
107Section 10a, The Baldwin Insurance Group reciprocityDEF 14A0001781755-26-000027The Baldwin Insurance Group names Palomar Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
108Section 10a, First American Financial Corp. reciprocityDEF 14A0001193125-26-130349First American Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
109Section 10a, Skyward Specialty Insurance reciprocityDEF 14A0001519449-26-000021Skyward Specialty Insurance names Palomar Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, Hamilton Insurance Group reciprocityDEF 14A0001593275-26-000037Hamilton Insurance Group's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
111Section 10a, HCI Group reciprocityDEF 14A0001193125-26-191649HCI Group names Palomar Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, RLI Corp. reciprocityDEF 14A0001104659-26-035213RLI Corp.'s most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
113Section 10a, White Mountains Insurance Group reciprocityDEF 14A0001104659-26-038487White Mountains Insurance Group's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
114Section 10a, Kemper Corporation reciprocityDEF 14A0000860748-26-000030Kemper Corporation's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
115Section 10a, The Hanover Insurance Group reciprocityDEF 14A0001193125-26-125009The Hanover Insurance Group's most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗
116Section 10a, Lemonade, Inc. reciprocityDEF 14A0001691421-26-000024Lemonade, Inc.'s most recent proxy was read; its disclosed peer group does not include Palomar Holdings, Inc.. Filing ↗