Form 4: Arrow Financial Corp Director Acquires Shares as Part of Retainer Payment
SEC Form 4
Raymond F. O'Conor, a director at Arrow Financial Corp, acquired 271 shares of common stock as part of a quarterly director's retainer payment.
Summary
- On April 9, 2025, Raymond F. O'Conor, a director of Arrow Financial Corp, acquired 271 shares of common stock.
- The acquisition was part of a quarterly director's retainer payment.
- The price per share was $25.37.
- Following the transaction, O'Conor directly owns 31,293 shares of Arrow Financial Corp.
- The transaction was reported on April 10, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The transaction is part of a standard retainer payment, so it's not a major event, but still a positive indicator.
Positives
- Director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors receiving stock as part of their compensation is a common practice. It aligns their interests with those of shareholders.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 04/09/2025 | Date of transaction: Raymond F. O'Conor acquired 271 shares of common stock. |
| 04/10/2025 | Date of report filing. |
Keywords
Arrow Financial Corp, Director, Share Acquisition, Retainer Payment, Common Stock, Beneficial Ownership, Form 4, AROW
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