Arrow Financial Corp (AROW) director exercises options and withholds shares for costs
Rhea-AI Filing Summary
Arrow Financial Corp director Mark Behan exercised stock options covering 773 shares of common stock on 2026-08-06 at an exercise price of $31.47 per share. The related director stock option position was reduced to 0 derivative shares, and 608 shares of common stock were delivered or withheld for payment of exercise price or tax liability at $39.97 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 165 shares
Net Buy
3 txns
Insider
Behan Mark
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) F1 | 773 | $0.00 | $0.00 |
| Exercise | Common Stock | 773 | $31.47 | $24K |
| Exercise Price or Tax Liability | Common Stock | 608 | $39.97 | $24K |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 10,293 shares (Direct)
Footnotes (1)
- F1. The options vested in four equal installments beginning 2/1/2024
Key Figures
Options Exercised: 773 shares
Option Exercise Price: $31.47 per share
Shares Delivered/Withheld: 608 shares
+4 more
7 metrics
Options Exercised
773 shares
Director stock options exercised into common stock on 2026-08-06
Option Exercise Price
$31.47 per share
Conversion or exercise price of director stock option grant
Shares Delivered/Withheld
608 shares
Common shares delivered or withheld for exercise price or tax liability
Withholding Price
$39.97 per share
Price per share for code F exercise-price-or-tax-liability disposition
Option Expiration Date
2033-02-01
Expiration date of the director stock option grant exercised
Option Vesting Start
2024-02-01
Options vested in four equal installments beginning this date
Derivative Shares Remaining
0 shares
Director stock option position following this reported exercise
Key Terms
Director Stock Option, Exercise or conversion of derivative security, Payment of exercise price or tax liability, vested in four equal installments
4 terms
Director Stock Option financial
"security_title: Director Stock Option (Right to Buy)"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability financial
"transaction_code_description: Payment of exercise price or tax liability"
vested in four equal installments financial
"The options vested in four equal installments beginning 2/1/2024"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Arrow Financial Corp (AROW) director Mark Behan report in this Form 4?
Mark Behan reported exercising director stock options for 773 shares of Arrow Financial Corp common stock at an exercise price of $31.47 per share. The exercise generated 773 common shares, with a portion later delivered or withheld to cover costs.
How many Arrow Financial Corp (AROW) options did Mark Behan exercise and at what price?
Mark Behan exercised director stock options covering 773 shares of Arrow Financial Corp common stock at an exercise price of $31.47 per share. These options were originally scheduled to vest in four equal installments beginning February 1, 2024.
What happened to the Arrow Financial Corp (AROW) options position after the transaction?
Following the reported option exercise, the director stock option position tied to this grant shows 0 derivative shares remaining. This indicates the specific option award covering 773 shares was fully exercised and no related derivative balance remains from that grant.
Were Mark Behan’s Arrow Financial Corp (AROW) transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative. There is no footnote stating the transactions were executed pursuant to a pre-arranged trading plan, so the filing does not describe these as plan-based trades.