Form 4: Arrow Financial Corp Director Gary C Dake Reports Acquisition of Shares

Director Gary C Dake reports acquisition of 877 shares of Arrow Financial Corp common stock at $22.39 per share, along with additional shares through the company's DRIP.

Summary

• Gary C Dake, a director of Arrow Financial Corp, reported acquiring 877 shares of common stock on April 10, 2024, at a price of $22.39 per share.
• The transaction was a quarterly director's retainer payment.
• Dake also acquired 622 shares under the Company's DRIP (Dividend Reinvestment Plan) since February 7, 2024, which were not required to be reported on a Form 4.
• Following these transactions, Dake beneficially owns 58,221 shares of Arrow Financial Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider trading activity. The director increasing their holdings could be seen as a slightly positive signal.

Positives

• Director Dake increased his holdings in Arrow Financial Corp, signaling confidence in the company.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The increased holdings by a director could be viewed positively by shareholders.

Key Dates