Arrow Financial (AROW) CEO exercises options, covers taxes with shares
Rhea-AI Filing Summary
ARROW FINANCIAL CORP (AROW) President & CEO David S. DeMarco reported an option exercise and related share movements. He exercised 3,346 Employee Stock Options for 3,346 shares of Common Stock at an exercise price of $27.04 per share, reducing the reported option position to 2,118 options expiring in 2031. On the same date, 2,596 shares of Common Stock were delivered or withheld at $39.25 per share for payment of exercise price or tax liability, with remaining shares held directly plus 3,035 shares held indirectly through a 401(k). A footnote states that the reported information reflects 288 shares acquired under the company DRIP and 2,632 shares related to the 2025 ESOP allocation since January 28, 2026.
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Insider Trade Summary
Net Buyer: 750 shares
Net Buy
4 txns
Insider
DeMarco David S.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F2 | 3,346 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,346 | $27.04 | $90K |
| Exercise Price or Tax Liability | Common Stock | 2,596 | $39.25 | $102K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 2,118 shares (Direct);
Common Stock — 94,859 shares (Direct);
Common Stock — 3,035 shares (Indirect, By 401(k))
Footnotes (2)
- F1. The information provided reflects 288 shares acquired under the Company's DRIP and 2,632 shares related to the 2025 ESOP allocation since January 28, 2026.
- F2. The options vested in four equal annual installments beginning January 27, 2022.
Key Figures
Options Exercised: 3,346 shares
Option Exercise Price: $27.04 per share
Shares Delivered/Withheld for Exercise Price or Tax: 2,596 shares
+5 more
8 metrics
Options Exercised
3,346 shares
Employee Stock Options exercised into Common Stock on 2026-08-17
Option Exercise Price
$27.04 per share
Exercise price of Employee Stock Options converted on 2026-08-17
Shares Delivered/Withheld for Exercise Price or Tax
2,596 shares
Common Stock delivered or withheld at $39.25 per share under code F
Price for Code F Shares
$39.25 per share
Per-share value for payment of exercise price or tax liability
Remaining Options
2,118 options
Employee Stock Option balance following the reported exercise
401(k) Indirect Holdings
3,035 shares
Common Stock held indirectly via 401(k) plan
DRIP Shares Reflected
288 shares
Shares acquired under the company DRIP since January 28, 2026
2025 ESOP Allocation Shares
2,632 shares
Shares related to 2025 ESOP allocation reflected in reported information
Key Terms
Employee Stock Option, ESOP, DRIP, 401(k)
4 terms
Employee Stock Option financial
"security_title: Employee Stock Option (Right to Buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
ESOP financial
"2,632 shares related to the 2025 ESOP allocation since January 28, 2026"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
DRIP financial
"288 shares acquired under the Company's DRIP and 2,632 shares"
A DRIP (dividend reinvestment plan) automatically uses cash dividends to buy additional shares of the same company instead of paying the money to the investor. Like using spare change from each paycheck to buy more of something you already own, a DRIP helps holdings grow over time through compounding without requiring the investor to decide each time, which can boost long‑term returns but reduce short‑term cash income.
401(k) financial
"nature_of_ownership: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What did AROW President & CEO David S. DeMarco report in this Form 4?
David S. DeMarco exercised 3,346 stock options for 3,346 Common shares at $27.04 per share and had 2,596 shares delivered or withheld at $39.25 per share to cover exercise price or tax liability, with remaining holdings reported directly and via a 401(k).
How many Arrow Financial (AROW) options did the CEO exercise and at what price?
He exercised 3,346 Employee Stock Options into Common Stock at an exercise price of $27.04 per share. These options now show 2,118 options remaining after the exercise, with an expiration date in 2031 as reported.
What are David S. DeMarco’s remaining Arrow Financial (AROW) option and 401(k) holdings?
After the transactions, the reported remaining option position for this grant is 2,118 Employee Stock Options. Additionally, the filing lists 3,035 Common shares held indirectly through a 401(k) plan as of the same reporting date.
Were the AROW CEO’s Form 4 transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, and the system flag for such a plan is false. There is no footnote stating that the reported transactions occurred under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
