Form 4: Arrow Financial Corp Director Sells Shares Under 10b5-1 Plan
SEC Filing Form 4
Raymond F. O'Conor, a director of Arrow Financial Corp, sold 2,000 shares of common stock at $26.90 per share on March 3, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Raymond F. O'Conor, a director at Arrow Financial Corp, sold 2,000 shares of common stock on March 3, 2025.
- The sale was executed at a price of $26.90 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 33,022 shares of Arrow Financial Corp.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information at the time of the transaction.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 14, 2024 | Date the 10B5-1 Plan was established by the Reporting Person |
| 03/03/2025 | Date of the transaction (stock sale) |
| 03/04/2025 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.