Form 4: Arrow Financial Corp Executive Yrsha Marc Reports Stock Transactions
SEC Form 4
Yrsha Marc, SEVP and Chief Banking Officer of Arrow Financial Corp, reports acquisition and disposal of company stock.
Summary
- On May 29, 2024, Yrsha Marc, SEVP and Chief Banking Officer of Arrow Financial Corp, reported transactions involving the company's common stock.
- The transactions included the acquisition of 1,439 shares of restricted stock, which vests 25% per year starting May 29, 2025, and the disposal of an unspecified amount of shares.
- Additionally, 15 shares were acquired under the Company's DRIP and 20 shares were acquired via ESPP purchases since April 29, 2024.
- Following these transactions, the reporting person beneficially owns 4,326 shares of Arrow Financial Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares through DRIP and ESPP indicates participation in company programs.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The disclosure of insider transactions provides transparency to shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date from which DRIP and ESPP purchases are tracked. |
| 05/29/2024 | Date of the reported stock transactions. |
| 05/29/2025 | First vesting date for the restricted stock (25%). |
| 05/29/2026 | Second vesting date for the restricted stock (25%). |
| 05/29/2027 | Third vesting date for the restricted stock (25%). |
| 05/29/2028 | Final vesting date for the restricted stock (25%). |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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