Form 4: Arrow Financial Corp Director Acquires Shares

Arrow Financial Corp Director Philip C. Morris acquired 386 shares of common stock on May 19, 2026, at a price of $31.47 per share.

Summary

• Philip C. Morris, a Director at Arrow Financial Corp (AROW), acquired 386 shares of common stock on May 19, 2026.
• The transaction was executed at a price of $31.47 per share.
• Following this transaction, Morris beneficially owns 8,494 shares of common stock directly.
• The acquired shares were part of a director stock option, with the options vesting in four equal annual installments starting February 1, 2024, and expiring February 1, 2033.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider transaction of stock options vesting and subsequent acquisition, without providing new financial performance data or strategic outlook.

Positives

• Director Philip C. Morris demonstrates continued investment in the company by acquiring shares.
• The acquisition of 386 shares at $31.47 per share indicates a belief in the current valuation or future prospects of Arrow Financial Corp.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that insider transactions, such as this Form 4 filing by a director, are common disclosures in the financial services industry and can provide insights into management's confidence in the company's performance.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares positively, as it can signal confidence in the company's value.
• Employees may be influenced by the director's investment, potentially reinforcing their own commitment to the company.

Key Dates

Keywords

Arrow Financial Corp, AROW, Form 4, Insider Trading, Director Transaction, Stock Options, Beneficial Ownership