Form 4: Arrow Financial Corp Director Read Colin L Acquires Shares as Part of Retainer
SEC Form 4
Director Read Colin L acquired 333 shares of Arrow Financial Corp common stock at $25.37 per share as part of a quarterly director's retainer payment.
Summary
- On April 9, 2025, Director Read Colin L acquired 333 shares of Arrow Financial Corp (AROW) common stock.
- The shares were acquired at a price of $25.37 per share.
- The acquisition was part of a quarterly director's retainer payment.
- Following the transaction, Read Colin L directly owns 28,792 shares of Arrow Financial Corp common stock.
- Read Colin L also indirectly owns 3,020 shares held by his wife.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but it's part of a regular retainer, so it's not a strong signal.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors acquiring shares in their own companies is a common practice, often seen as a positive signal to the market.
Stakeholder Impact
- The acquisition could have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 04/09/2025 | Date of transaction: Director Read Colin L acquired shares of Arrow Financial Corp. |
| 04/10/2025 | Date of signature: Penko Ivanov, Attorney in Fact, signed the Form 4. |
Keywords
Arrow Financial Corp, Director, Share Acquisition, Form 4, AROW, Retainer Payment, Insider Trading
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