Form 4: Arrow Financial Corp Executive Acquires Shares
SEC Form 4 Filing
Michael Joseph Jacobs, EVP and Chief Information Officer of Arrow Financial Corp, reports the acquisition of 1,700 shares of common stock on January 29, 2025.
Summary
- Michael Joseph Jacobs, an executive at Arrow Financial Corp, acquired 1,700 shares of common stock on January 29, 2025.
- The shares were acquired at a price of $0.
- Following the transaction, Jacobs directly owns 7,421 shares of Arrow Financial Corp.
- The acquired restricted stock vests 25% per year starting January 29, 2026, and continuing until January 29, 2029.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction filing. The acquisition of shares by an executive is generally viewed as a slightly positive sign, but without additional context, it's difficult to assess the overall impact.
Positives
- An executive increasing their holdings in the company can be seen as a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of transaction: Acquisition of 1,700 shares of common stock. |
| 01/29/2026 | First vesting date for 25% of the restricted stock. |
| 01/29/2027 | Second vesting date for 25% of the restricted stock. |
| 01/29/2028 | Third vesting date for 25% of the restricted stock. |
| 01/29/2029 | Final vesting date for 25% of the restricted stock. |
| 02/03/2025 | Date of signature by Attorney in Fact. |
Keywords
Form 4, Beneficial Ownership, Executive Compensation, Stock Acquisition, Arrow Financial Corp, AROW, Michael Joseph Jacobs
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