4/A: Arrow Financial Corp Director Amends Share Transaction Filing

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

Summary

• Philip C. Morris, a director at Arrow Financial Corp, filed an amendment to a previous Form 4.
• The amendment corrects the number of shares acquired through a quarterly director's retainer payment on January 8, 2025.
• The director acquired 352 shares at a price of $26.61 per share.
• The filing also includes 62 shares acquired through the company's DRIP since November 5, 2024, which were not previously reported.
• The total holdings of the director are updated to reflect these transactions.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, with no significant positive or negative implications. The amendment indicates a commitment to accuracy.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for directors receiving compensation in the form of shares and participating in DRIP programs.
• The amendment highlights the importance of accurate reporting and the process for correcting errors in filings.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company directors.
• The correction of the filing demonstrates a commitment to accurate reporting.

Key Dates

Keywords

insider trading, Form 4, share acquisition, director, DRIP, amendment, beneficial ownership, Arrow Financial Corp, AROW