Form 4: Arrow Financial Corp Director Acquires Shares as Part of Quarterly Retainer
SEC Form 4 Filing
Director David G. Kruczlnicki acquired 361 shares of Arrow Financial Corp common stock on October 9, 2024, as part of a quarterly director's retainer payment.
Summary
- On October 9, 2024, David G. Kruczlnicki, a director of Arrow Financial Corp, acquired 361 shares of common stock.
- The acquisition was part of a quarterly director's retainer payment.
- The price per share was $27.72.
- Following the transaction, Kruczlnicki directly owns 56,977 shares of Arrow Financial Corp.
- The transaction was reported on October 10, 2024.
Sentiment
Score: 7
Explanation: Routine transaction; director increasing stake is generally viewed positively.
Positives
- Director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors often receive stock as part of their compensation, aligning their interests with shareholders.
Related Party Transactions
- The director's retainer payment in the form of stock is a related party transaction.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of transaction: Director acquired shares of common stock. |
| 10/10/2024 | Date of report filing. |
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