Form 4: Arrow Financial Corp Director Acquires Shares Through Retainer Payment

Director James M. Dawsey acquired 235 shares of Arrow Financial Corp stock as part of a quarterly retainer payment.

Summary

• James M. Dawsey, a director at Arrow Financial Corp, acquired 235 shares of common stock on January 8, 2025.
• The shares were acquired at a price of $26.61 per share.
• This transaction was part of a quarterly director's retainer payment.
• Following the transaction, Mr. Dawsey directly owns 15,369 shares of Arrow Financial Corp stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive. The director's increased stake could be seen as a positive sign of confidence.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to director compensation and is common in the financial industry.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice in the financial industry.
• The amount of shares acquired is relatively small and likely part of a standard compensation package.
• Other financial institutions often use similar methods to compensate their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Arrow Financial Corp, Director, Stock Acquisition, Retainer Payment, Form 4, Insider Trading