Form 4: Arrow Financial Corp Director Buys Shares

Arrow Financial Corp director Philip C. Morris acquired 28 shares of common stock through an optional cash purchase under the company's Dividend Reinvestment Plan (DRIP).

Summary

• Philip C. Morris, a Director of Arrow Financial Corp, purchased 28 shares of common stock on April 13, 2026.
• The purchase was made through an optional cash purchase under the company's Dividend Reinvestment Plan (DRIP).
• The acquisition price was $36.33 per share.
• Following this transaction, Morris beneficially owns 7,535 shares of Arrow Financial Corp common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to a director's purchase, indicating personal investment and confidence, but it does not represent a significant strategic or financial event for the company.

Positives

• Director Philip C. Morris demonstrates confidence in Arrow Financial Corp by acquiring additional shares.
• The purchase was made through the company's DRIP, indicating continued investment via a structured plan.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that insider purchases, especially by directors, can signal confidence in the company's future prospects within the financial services sector.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal of confidence in the company's value.

Key Dates

Keywords

Arrow Financial Corp, AROW, Form 4, Insider Trading, Director Purchase, Dividend Reinvestment Plan, DRIP, Beneficial Ownership