Form 4: Arrow Financial Corp Director Acquires Shares
SEC Form 4
Director David G. Kruczlnicki acquired 412 shares of Arrow Financial Corp common stock on May 29, 2024.
Summary
- On May 29, 2024, David G. Kruczlnicki, a director of Arrow Financial Corp, acquired 412 shares of common stock.
- The shares were acquired at a price of $0.
- Following the transaction, Kruczlnicki directly owns 56,236 shares of Arrow Financial Corp.
- The restricted stock vests 25% per year on May 29, 2025, May 29, 2026, May 29, 2027 and May 29, 2028.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a director. The acquisition itself is a mildly positive signal.
Positives
- A director increasing their holdings could be seen as a positive signal about their confidence in the company's future.
Future Outlook
The director's future ownership will increase as the restricted stock vests over the next four years.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction: Acquisition of 412 shares of common stock. |
| 05/29/2025 | First vesting date for restricted stock (25%). |
| 05/29/2026 | Second vesting date for restricted stock (25%). |
| 05/29/2027 | Third vesting date for restricted stock (25%). |
| 05/29/2028 | Final vesting date for restricted stock (25%). |
| 05/30/2024 | Date of signature by Attorney in Fact. |
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