Form 4: Arrow Financial Corp Director Gregory J Champion Acquires Shares
SEC Form 4
Director Gregory J Champion acquired 405 shares of Arrow Financial Corp common stock at $22.39 per share on April 10, 2024.
Summary
- On April 10, 2024, Gregory J Champion, a director of Arrow Financial Corp, acquired 405 shares of common stock at a price of $22.39 per share.
- The acquisition was part of a quarterly director's retainer payment.
- Following the transaction, Champion directly owns 6,427 shares of Arrow Financial Corp.
- The report also discloses that 66 shares were acquired under the Company's DRIP since January 10, 2024, which were not required to be reported on a Form 4.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction report. The director's purchase could be seen as a slightly positive signal, but it's a relatively small transaction.
Positives
- Director's acquisition of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/10/2024 | Start date for DRIP shares acquired but not required to be reported on Form 4. |
| 04/10/2024 | Date of transaction: Director Gregory J Champion acquired 405 shares. |
| 04/11/2024 | Date of signature for the Form 4 filing. |
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