Form 4: Arrow Financial Corp Director Gregory J Champion Acquires 905 Shares of Common Stock
SEC Form 4 Filing
Director Gregory J Champion acquired 905 shares of Arrow Financial Corp common stock on January 29, 2025, at $0 per share as part of a restricted stock award.
Summary
- On January 29, 2025, Gregory J Champion, a director of Arrow Financial Corp, acquired 905 shares of common stock.
- The acquisition was part of a restricted stock award.
- The price per share was $0.
- Following the transaction, Champion directly owns 8,906 shares of Arrow Financial Corp common stock.
- The restricted stock award vests in three equal installments on January 29, 2026, January 29, 2027, and January 29, 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency regarding the ownership of company stock by its directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of transaction: Gregory J Champion acquired 905 shares of common stock. |
| 01/29/2026 | First vesting date for the restricted stock award. |
| 01/29/2027 | Second vesting date for the restricted stock award. |
| 01/29/2028 | Third vesting date for the restricted stock award. |
| 02/03/2025 | Date of signature by Penko Ivanov, Attorney in Fact. |
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