Form 4: Arrow Financial Corp Director Acquires Shares as Part of Retainer
SEC Form 4
Gary C Dake, a director at Arrow Financial Corp, acquired 745 shares of common stock as part of a quarterly director's retainer payment.
Summary
- On July 10, 2024, Gary C Dake, a director of Arrow Financial Corp, acquired 745 shares of common stock.
- The shares were acquired at a price of $26.35 per share.
- This acquisition was part of a quarterly director's retainer payment.
- Following the transaction, Dake directly owns 60,012 shares of Arrow Financial Corp.
- The transaction was reported on July 11, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a routine part of director compensation.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
Industry Context
Director share acquisitions are common and often tied to compensation structures or personal investment decisions. This transaction is related to director compensation.
Related Party Transactions
- The director's retainer payment is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small acquisition of shares.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: Gary C Dake acquired 745 shares of common stock. |
| 07/11/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.