Arrow Financial Corp (AROW) director exercises options, shares withheld for taxes
Rhea-AI Filing Summary
Arrow Financial Corp director Raymond F. O'Conor exercised previously granted director stock options to acquire 1,126 shares of common stock at $31.34 per share on June 24, 2026. On the same date, 874 shares were withheld at $40.36 per share to satisfy tax obligations. These options vested 25% per year over four years. After these transactions, he directly holds 30,902 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 252 shares
Net Buy
3 txns
Insider
O'Conor Raymond F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) | 1,126 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,126 | $31.34 | $35K |
| Exercise Price or Tax Liability | Common Stock | 874 | $40.36 | $35K |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 30,902 shares (Direct)
Footnotes (1)
- F1. The options vested 25% per year over four years.
Key Figures
Options exercised: 1,126 shares
Exercise price: $31.34 per share
Tax-withholding shares: 874 shares
+2 more
5 metrics
Options exercised
1,126 shares
Director stock options exercised into common stock on June 24, 2026
Exercise price
$31.34 per share
Exercise or conversion price for director stock options
Tax-withholding shares
874 shares
Shares delivered to satisfy exercise price or tax liability
Tax-withholding price
$40.36 per share
Per-share value used for tax-withholding disposition
Post-transaction holdings
30,902 shares
Direct common stock position after June 24, 2026 transactions
Key Terms
Director Stock Option (Right to Buy), derivative security, tax-withholding disposition
3 terms
Director Stock Option (Right to Buy) financial
"Director Stock Option (Right to Buy) reported as the derivative security"
derivative security financial
"transaction_code M described as 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.
tax-withholding disposition financial
"transaction_action listed as tax-withholding disposition for 874 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Arrow Financial Corp (AROW) director Raymond F. O'Conor report on this Form 4?
Raymond F. O'Conor reported exercising 1,126 director stock options into common shares and a related tax-withholding transaction. On June 24, 2026, he received common stock at $31.34 per share and had 874 shares withheld at $40.36 to cover obligations.
How many Arrow Financial (AROW) options did Raymond F. O'Conor exercise and at what price?
He exercised 1,126 director stock options, receiving common stock at an exercise price of $31.34 per share. These options, which vested 25% per year over four years, were reported as a derivative security exercise on June 24, 2026.
Were Raymond F. O'Conor's Arrow Financial (AROW) transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmatively adopted for these trades. This means the reported June 24, 2026 option exercise and related tax-withholding disposition are not identified as occurring under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
