4/A: Arrow Financial Corp Director Amends SEC Filing After Share Acquisition Error

A director of Arrow Financial Corp amended a previous SEC filing to correct the number of shares acquired through a quarterly retainer payment.

Summary

• This document is an amended SEC Form 4 filing by James M. Dawsey, a director at Arrow Financial Corp.
• The amendment corrects a previous filing from January 10, 2025, regarding a transaction on January 8, 2025.
• The correction pertains to the number of shares acquired as part of a quarterly director's retainer payment.
• The director acquired 705 shares of common stock at a price of $26.61 per share.
• Following the transaction, the director's total beneficial ownership is 15,839 shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, with a minor correction. It does not indicate any significant positive or negative sentiment.

Industry Context

This type of filing is standard for corporate insiders who have transactions in their company's stock. It ensures transparency and compliance with SEC regulations.

Comparison to Industry Standards

• SEC Form 4 filings are a common practice for publicly traded companies in the United States.
• The reporting requirements are standardized across all companies, ensuring consistency and comparability.
• Similar filings are made by directors and officers of other financial institutions such as Bank of America, JP Morgan Chase, and Wells Fargo when they trade their company's stock.

Stakeholder Impact

• The correction ensures accurate information for shareholders regarding insider transactions.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Director, Share Acquisition, Arrow Financial Corp, Retainer Payment