Form 4: Arrow Financial Corp Director Sells 2,000 Shares Under 10b5-1 Plan

Raymond F. O'Conor, a director of Arrow Financial Corp, sold 2,000 shares of common stock at $30.09 per share on September 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 3, 2024, Raymond F. O'Conor, a director of Arrow Financial Corp, sold 2,000 shares of the company's common stock.
• The sale was executed at a price of $30.09 per share.
• The transaction was conducted under a pre-existing 10b5-1 trading plan established on May 14, 2024.
• Following the sale, O'Conor directly owns 43,176 shares of Arrow Financial Corp.
• The sale was reported in a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by a director under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates concerns about insider trading.

Key Dates