Form 4: Arrow Financial Corp Director Colin Read Acquires Shares as Part of Retainer

Director Colin Read acquired 354 shares of Arrow Financial Corp common stock at $27.72 per share as part of a quarterly director's retainer payment.

Summary

• On October 9, 2024, Colin Read, a director of Arrow Financial Corp, acquired 354 shares of common stock.
• The shares were acquired at a price of $27.72 per share.
• This acquisition was part of a quarterly director's retainer payment.
• Following the transaction, Colin Read directly owns 27,222 shares of Arrow Financial Corp common stock.
• Colin Read's wife also holds 3,020 shares, but Colin Read disclaims beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (director's retainer) and doesn't indicate any major positive or negative development for the company.

Positives

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

Industry Context

Directors commonly receive stock as part of their compensation, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates