Form 4: AROW Director Gifts Shares Under 10b5-1 Plan

Arrow Financial Director Raymond F. O'Conor reported gifting 150 shares of common stock, reducing his direct beneficial ownership to 29,683 shares.

Summary

• Raymond F. O'Conor, a Director of ARROW FINANCIAL CORP (AROW), reported a change in his beneficial ownership.
• On December 17, 2025, O'Conor disposed of 150 shares of Common Stock through a gift transaction.
• The transaction price per share was $0, consistent with a gift.
• Following this transaction, O'Conor directly beneficially owns 29,683 shares of ARROW FINANCIAL CORP Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: A routine insider transaction (gift) with no direct financial implications for the company's operations or performance, indicating a neutral sentiment.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a small, non-cash disposition by a director, not indicative of operational performance or strategic shifts.

Key Dates

Keywords

ARROW FINANCIAL CORP, AROW, Form 4, Insider Transaction, Director, Stock Gift, Beneficial Ownership, 10b5-1 Plan