Form 4: Arrow Financial Corp Director Acquires Shares as Part of Retainer

Raymond F. O'Conor, a director of Arrow Financial Corp, acquired 345 shares of common stock at $26.35 per share as part of a quarterly director's retainer payment.

Summary

• On July 10, 2024, Raymond F. O'Conor, a director of Arrow Financial Corp, acquired 345 shares of common stock.
• The shares were acquired at a price of $26.35 per share.
• This transaction was part of a quarterly director's retainer payment.
• Following the transaction, O'Conor directly owns 47,176 shares of Arrow Financial Corp.
• The transaction was reported on July 11, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard director compensation practice. It's neither significantly positive nor negative.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Industry Context

Directors commonly receive equity as part of their compensation, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates