Form 4: Arrow Financial Corp Director Casaccio Exercises Stock Options and Disposes of Shares
SEC Form 4
Director Tenee R Casaccio exercised stock options and disposed of shares of Arrow Financial Corp on June 10, 2024.
Summary
- On June 10, 2024, Tenee R Casaccio, a director of Arrow Financial Corp, exercised stock options to acquire 1,292 shares at $19.99 and 1,268 shares at $20.41.
- Following the exercise of these options, Casaccio disposed of 1,055 shares and 1,058 shares at $24.47.
- After these transactions, Casaccio directly owns 21,834 shares of Arrow Financial Corp.
- The exercised options were related to director stock options with exercise prices of $19.99 and $20.41, which vest in installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the actions of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 01/28/2016 | Start date for vesting of options exercised at $19.99. |
| 01/27/2017 | Start date for vesting of options exercised at $20.41. |
| 01/28/2025 | Expiration date for options exercised at $19.99. |
| 01/27/2026 | Expiration date for options exercised at $20.41. |
| 06/10/2024 | Date of stock option exercise and share disposal. |
| 06/11/2024 | Date of Form 4 filing. |
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