Arrow Financial (AROW) director covers option costs with 760 shares
Rhea-AI Filing Summary
ARROW FINANCIAL CORP (AROW) director Mark Behan exercised a Director Stock Option on 2026-08-17 for 1,093 shares of common stock at an exercise price of $27.04 per share, eliminating this option position. In connection with the exercise, 760 common shares were delivered or withheld at $38.86 per share for payment of exercise price or tax liability. The option had vested in four equal annual installments beginning 1/27/2022.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 333 shares
Net Buy
3 txns
Insider
Behan Mark
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) F1 | 1,093 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,093 | $27.04 | $30K |
| Exercise Price or Tax Liability | Common Stock | 760 | $38.86 | $30K |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 10,851 shares (Direct)
Footnotes (1)
- F1. The options vested in four equal annual installments beginning 1/27/2022.
Key Figures
Option shares exercised: 1,093 shares
Option exercise price: $27.04 per share
Shares delivered/withheld for exercise price or tax: 760 shares
+3 more
6 metrics
Option shares exercised
1,093 shares
Director Stock Option converted into common stock on 2026-08-17
Option exercise price
$27.04 per share
Exercise or conversion price of Director Stock Option
Shares delivered/withheld for exercise price or tax
760 shares
Common stock used for payment of exercise price or tax liability
Per-share value for tax/exercise payment
$38.86 per share
Price applied to 760 common shares delivered or withheld
Option vesting schedule
Four equal annual installments
Vesting began 1/27/2022 for the Director Stock Option grant
Derivative option shares remaining
0 shares
Total derivative shares following transaction for this option position
Key Terms
Director Stock Option, derivative security, exercise price, tax liability
4 terms
Director Stock Option financial
"security_title: "Director Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price: "27.0400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering or withholding securities""
FAQ
What insider transaction did AROW director Mark Behan report on this Form 4?
Mark Behan reported exercising a Director Stock Option for 1,093 shares of Arrow Financial common stock on 2026-08-17. This derivative exercise converted his option position into common shares, with part of the resulting shares used to cover exercise price or related tax obligations.
What exercise and withholding prices are disclosed in the AROW Form 4 for Mark Behan?
The option was exercised at an exercise price of $27.04 per Arrow Financial share. For the payment of exercise price or tax liability, 760 common shares were delivered or withheld at a per-share value of $38.86, as reported in the non-derivative transaction section.
Does this AROW Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s 10b5-1 checkbox is not marked as affirmative, and there is no footnote referencing a trading plan. The transactions are therefore reported without being designated as executed pursuant to a pre-arranged Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
