Form 4: Arrow Financial Corp Director Elizabeth Miller Reports Acquisition of Common Stock

Director Elizabeth Miller reports acquiring 654 shares of Arrow Financial Corp common stock at $27.72 per share, along with an additional 102 shares through the company's DRIP.

Summary

• On October 9, 2024, Elizabeth Miller, a director of Arrow Financial Corp, acquired 654 shares of common stock at a price of $27.72 per share.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the reported transaction, Miller directly owns 35,298 shares of Arrow Financial Corp common stock.
• Miller also indirectly owns 5,847 shares through the Miller Family Partnership, LP.
• The filing also notes that 102 shares were acquired under the Company's DRIP since July 10, 2024, which were not required to be reported on a Form 4.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing a transaction. The director's purchase could be seen as slightly positive, but the document itself is factual.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates