Form 4: Arrow Financial Corp Executive Yrsha Marc Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Yrsha Marc, SEVP and Chief Banking Officer of Arrow Financial Corp, reports acquiring and disposing of common stock, increasing total holdings to 7,416 shares.
Summary
- On January 29, 2025, Yrsha Marc, SEVP and Chief Banking Officer of Arrow Financial Corp, reported a transaction involving the company's common stock.
- Yrsha Marc acquired 2,939 shares of common stock.
- Yrsha Marc disposed of an unspecified amount of common stock at $0.
- Following the reported transactions, Yrsha Marc beneficially owns 7,416 shares of Arrow Financial Corp.
- The reported holdings include 27 shares acquired under the Company's DRIP, and 124 shares acquired via ESPP purchases since May 29, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting stock transactions. The increase in holdings could be seen as slightly positive, but it's not a significant indicator.
Positives
- The executive's increased stake in the company could be interpreted as a sign of confidence in Arrow Financial Corp's future prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about the insider's transactions, contributing to market transparency.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date from which ESPP purchases were made but not previously reported. |
| January 29, 2025 | Date of the reported transaction involving common stock. |
| January 29, 2026 | First vesting date for restricted stock (25%). |
| January 29, 2027 | Second vesting date for restricted stock (25%). |
| January 29, 2028 | Third vesting date for restricted stock (25%). |
| January 29, 2029 | Final vesting date for restricted stock (25%). |
| February 03, 2025 | Date of the signature on the Form 4 filing. |
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