Form 4: Arrow Financial Corp Director Elizabeth Miller Reports Share Acquisition

Director Elizabeth Miller of Arrow Financial Corp reported acquiring 587 shares of common stock at $26.61 per share, along with an additional 118 shares through the company's DRIP.

Summary

• Elizabeth Miller, a director at Arrow Financial Corp, reported a transaction on January 8, 2025, where she acquired 587 shares of common stock at a price of $26.61 per share.
• Additionally, Ms. Miller's holdings increased by 118 shares through the company's Dividend Reinvestment Program (DRIP) since October 9, 2024.
• These DRIP shares were not required to be reported on a Form 4 but are disclosed to provide a complete view of her holdings.
• Following these transactions, Ms. Miller directly owns 36,003 shares and indirectly owns 5,847 shares through the Miller Family Partnership, LP.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the director's purchase indicates confidence, but it's a routine transaction.

Positives

• The director's purchase of shares indicates confidence in the company's future prospects.
• The use of the DRIP program shows a long-term investment strategy by the director.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders. It does not indicate any specific industry trend.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US.
• The transaction is typical for a director's share acquisition and is not unusual compared to other similar filings.

Stakeholder Impact

• The share purchase may have a slightly positive impact on shareholder confidence.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Share Acquisition, DRIP, Arrow Financial Corp, Elizabeth Miller, Stock Transaction