Arrow Financial (AROW) director reports 6,040-share stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arrow Financial Corp director Colin L. Read reported a series of bona fide gifts of Common Stock in May. Entities associated with him, including an account held by his wife, gifted a total of 6,040 shares at no consideration. Following these transactions, Read continues to hold 33,396 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,040 shares gifted
Mixed
8 txns
Insider
Read Colin L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 119 | $0.00 | -- |
| Gift | Common Stock | 119 | $0.00 | -- |
| Gift | Common Stock | 500 | $0.00 | -- |
| Gift | Common Stock | 500 | $0.00 | -- |
| Gift | Common Stock | 525 | $0.00 | -- |
| Gift | Common Stock | 525 | $0.00 | -- |
| Gift | Common Stock | 1,876 | $0.00 | -- |
| Gift | Common Stock | 1,876 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,396 shares (Direct, null);
Common Stock — 0 shares (Indirect, Held By Wife)
Footnotes (1)
- [object Object]
Key Figures
Total shares gifted: 6,040 shares
Direct holdings after gifts: 33,396 shares
Gift transaction count: 8 transactions
+2 more
5 metrics
Total shares gifted
6,040 shares
Bona fide gifts of Common Stock in May 2026
Direct holdings after gifts
33,396 shares
Common Stock held directly by Colin L. Read after last transaction
Gift transaction count
8 transactions
All coded G as bona fide gifts of Common Stock
Gift price per share
$0.00 per share
Non-cash transfers, no sale proceeds received
Largest single gift
1,876 shares
Gifted on 2026-05-11 in both direct and indirect accounts
Key Terms
bona fide gift, beneficial ownership, indirect ownership
3 terms
bona fide gift financial
"Each transaction is coded G with the description “Bona fide gift”."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"Some shares are reported as indirect with nature of ownership “Held By Wife”."
FAQ
What did Arrow Financial (AROW) director Colin L. Read report on this Form 4?
Colin L. Read reported several bona fide gifts of Arrow Financial Common Stock. These non-cash transfers were recorded over multiple May 2026 dates and did not involve any open-market purchases or sales.
Were any of the Arrow Financial (AROW) transactions open-market sales or purchases?
No. All reported transactions are coded G as bona fide gifts with a price of $0.00 per share. The filing shows no open-market purchases or sales, only non-cash transfers of Common Stock.
What is the overall direction of insider activity in this Arrow Financial (AROW) Form 4?
The activity reflects dispositions via gifts rather than market trades. The transaction summary shows eight gift transactions totaling 6,040 shares and no reported buys, sells, option exercises, or tax-withholding events.