Form 4: Arrow Financial Corp Director Sells 2,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Raymond F. O'Conor, a director of Arrow Financial Corp, sold 2,000 shares of common stock at $23.78 per share on May 1, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2025, Raymond F. O'Conor, a director at Arrow Financial Corp, sold 2,000 shares of common stock.
- The sale was executed at a price of $23.78 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan established on May 14, 2024.
- Following the transaction, O'Conor directly owns 29,293 shares of Arrow Financial Corp.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged plan and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
Key Dates
| Date | Description |
|---|---|
| 2024-05-14 | Date the 10B5-1 Plan was established by the Reporting Person |
| 2025-05-01 | Date of the stock sale transaction |
Keywords
Arrow Financial Corp, Raymond F. O'Conor, Form 4, Stock Sale, 10b5-1 Plan, Director, AROW
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