Form 4: Arrow Financial Corp Director Sells 4,000 Shares

Raymond F. O'Conor, a director of Arrow Financial Corp, sold 4,000 shares of common stock at a price of $23.6341 on May 10, 2024.

Summary

• On May 10, 2024, Raymond F. O'Conor, a director at Arrow Financial Corp (AROW), sold 4,000 shares of the company's common stock.
• The sale was executed at a price of $23.6341 per share.
• Following the transaction, O'Conor directly owns 46,419 shares of Arrow Financial Corp.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider transaction. It's common for directors and officers to buy and sell shares of their company's stock. The market will interpret this based on the size of the transaction and the individual's history of trading.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, depending on the context and the size of the transaction.

Key Dates