Palomar Holdings Management
Management criteria checks 3/4
Palomar Holdings' CEO is Mac Armstrong, appointed in Feb 2014, has a tenure of 10.25 years. total yearly compensation is $3.54M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 2.07% of the company’s shares, worth €37.33M. The average tenure of the management team and the board of directors is 3.4 years and 4.3 years respectively.
Key information
Mac Armstrong
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 24.0% |
| CEO tenure | 10.3yrs |
| CEO ownership | 2.1% |
| Management average tenure | 3.4yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$88m |
| Dec 31 2023 | US$4m | US$850k | US$79m |
| Sep 30 2023 | n/a | n/a | US$72m |
| Jun 30 2023 | n/a | n/a | US$58m |
| Mar 31 2023 | n/a | n/a | US$55m |
| Dec 31 2022 | US$3m | US$850k | US$52m |
| Sep 30 2022 | n/a | n/a | US$50m |
| Jun 30 2022 | n/a | n/a | US$46m |
| Mar 31 2022 | n/a | n/a | US$44m |
| Dec 31 2021 | US$19m | US$846k | US$46m |
| Sep 30 2021 | n/a | n/a | US$27m |
| Jun 30 2021 | n/a | n/a | US$11m |
| Mar 31 2021 | n/a | n/a | US$11m |
| Dec 31 2020 | US$1m | US$598k | US$6m |
| Sep 30 2020 | n/a | n/a | US$19m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | n/a | n/a | US$37m |
| Dec 31 2019 | US$3m | US$500k | US$11m |
| Sep 30 2019 | n/a | n/a | US$4m |
| Jun 30 2019 | n/a | n/a | -US$2m |
| Mar 31 2019 | n/a | n/a | -US$2m |
| Dec 31 2018 | US$852k | US$500k | US$18m |
| Dec 31 2017 | US$764k | US$525k | US$4m |
Compensation vs Market: Mac's total compensation ($USD3.54M) is above average for companies of similar size in the German market ($USD1.63M).
Compensation vs Earnings: Mac's compensation has been consistent with company performance over the past year.
CEO
Mac Armstrong
10.3yrs
Tenure
US$3,541,370
Compensation
Mr. David McDonald Armstrong, also known as Mac, is a Co-Founder of Palomar Holdings, Inc. and has been its Chief Executive Officer and Director since February 2014. He serves as Chairman of the Board of P...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.3yrs | US$3.54m | 2.07% $ 37.3m | |
| President | 2.1yrs | US$1.12m | 0.23% $ 4.2m | |
| Chief Financial Officer | 6.7yrs | US$1.18m | 0.10% $ 1.8m | |
| Chief Legal Officer & Corporate Secretary | 3.5yrs | US$858.09k | 0.00041% $ 7.4k | |
| Chief Risk Officer | 5.1yrs | US$1.00m | 0.061% $ 1.1m | |
| Executive Vice President of Operations | no data | no data | no data | |
| EVP Treasury & Financial Operations & Chief Accounting Officer | less than a year | no data | no data | |
| Chief Technology Officer | 3.3yrs | no data | no data | |
| Chief Information & Security Officer | no data | no data | no data | |
| Executive Vice President of Corporate & Business Development | no data | no data | no data | |
| Senior Vice President of Marketing | no data | no data | no data | |
| Chief Underwriting Officer | 2.1yrs | no data | no data |
3.4yrs
Average Tenure
50yo
Average Age
Experienced Management: PH8's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.3yrs | US$3.54m | 2.07% $ 37.3m | |
| Independent Director | less than a year | no data | 0.0060% $ 108.7k | |
| Independent Director | 4.3yrs | US$184.98k | 0.017% $ 303.6k | |
| Lead Independent Director | 5.2yrs | US$204.98k | 0.16% $ 2.9m | |
| Independent Director | 4yrs | US$149.96k | 0.0097% $ 176.0k | |
| Independent Director | 5yrs | US$184.98k | 0.013% $ 231.4k | |
| Independent Director | 2.8yrs | US$184.98k | 0.011% $ 190.2k |
4.3yrs
Average Tenure
57yo
Average Age
Experienced Board: PH8's board of directors are considered experienced (4.3 years average tenure).