Form 4: Arrow Financial Corp Director Elizabeth Miller Acquires Shares as Part of Retainer
SEC Form 4
Director Elizabeth Miller acquired 688 shares of Arrow Financial Corp common stock at $26.35 per share as part of a quarterly director's retainer payment.
Summary
- On July 10, 2024, Elizabeth Miller, a director of Arrow Financial Corp, acquired 688 shares of common stock at a price of $26.35 per share.
- This transaction was part of a quarterly director's retainer payment.
- Following the transaction, Miller directly owns 34,542 shares of common stock and indirectly owns 5,847 shares through the Miller Family Partnership, LP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and often tied to compensation structures or personal investment decisions. This transaction is related to a director's retainer.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: Elizabeth Miller acquired 688 shares of Arrow Financial Corp common stock. |
| 07/11/2024 | Date of signature: Penko Ivanov, Attorney in Fact, signed the Form 4 on behalf of Elizabeth Miller. |
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