Form 4: Arrow Financial Corp Director Read Colin L Acquires Shares as Part of Retainer

Director Read Colin L acquired 372 shares of Arrow Financial Corp common stock at $26.35 per share as part of a quarterly director's retainer payment.

Summary

• On July 10, 2024, Read Colin L, a director of Arrow Financial Corp, acquired 372 shares of common stock at a price of $26.35 per share.
• The acquisition was part of a quarterly director's retainer payment.
• Following the transaction, Read Colin L directly owns 26,868 shares of Arrow Financial Corp.
• Read Colin L also indirectly owns 3,020 shares held by his wife, but disclaims beneficial ownership of these securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Management Comments

• The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for any purpose.

Industry Context

Directors commonly receive shares as part of their compensation, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates