Form 4: Arrow Financial Corp Director Acquires Shares as Part of Retainer Payment
SEC Form 4
Raymond F. O'Conor, a director of Arrow Financial Corp, acquired 320 shares of common stock as part of a quarterly director's retainer payment.
Summary
- On October 9, 2024, Raymond F. O'Conor, a director of Arrow Financial Corp, acquired 320 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, O'Conor directly owns 41,496 shares of Arrow Financial Corp.
- The transaction was reported on October 10, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
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
| Date | Description |
|---|---|
| 10/09/2024 | Date of transaction: Raymond F. O'Conor acquired 320 shares of Arrow Financial Corp. |
| 10/10/2024 | Date of report filing. |
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