Form 4: Arrow Financial Corp Director Mark Behan Acquires Shares
SEC Filing
Director Mark Behan acquired 342 shares of Arrow Financial Corp common stock at $27.72 per share on October 9, 2024.
Summary
- On October 9, 2024, Mark Behan, a director of Arrow Financial Corp, acquired 342 shares of common stock at a price of $27.72 per share.
- This transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Behan directly owns 9,360 shares of Arrow Financial Corp.
- The filing also discloses that 69 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 disclosure of a director's share purchase. The purchase itself is a mildly positive signal.
Positives
- Director's purchase may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. Purchases by directors are often seen as a positive sign.
Stakeholder Impact
- The director's purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| July 10, 2024 | Date from which 69 shares were acquired under the Company's DRIP |
| October 09, 2024 | Date of the transaction where Mark Behan acquired 342 shares. |
| October 10, 2024 | Date of signature for the Form 4 filing. |
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