Form 4: Arrow Financial Corp Director Acquires Shares as Part of Retainer Payment
SEC Form 4 Filing
Gregory J Champion, a director at Arrow Financial Corp, acquired 344 shares of common stock as part of a quarterly director's retainer payment.
Summary
- On July 10, 2024, Gregory J Champion, a director of Arrow Financial Corp, acquired 344 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, Champion directly owns 7,253 shares of Arrow Financial Corp common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard director compensation practice.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors often receive equity as part of their compensation, aligning their interests with those of shareholders.
Related Party Transactions
- The acquisition of shares by the director as part of a retainer payment constitutes a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: Gregory J Champion acquired 344 shares of Arrow Financial Corp common stock. |
| 07/11/2024 | Date of signature: Penko Ivanov, Attorney in Fact, signed the Form 4 on behalf of Gregory J Champion. |
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