Arrow Financial Corp (AROW) director exercises options, delivers 901 shares for costs
Rhea-AI Filing Summary
Arrow Financial Corp director Mark Behan reported an option-related transaction involving 1,126 Director Stock Options with an exercise price of $31.34 per share. The options, which vested in four equal annual installments beginning January 29, 2021, were exercised into 1,126 shares of Common Stock on August 12, 2026. On the same date, 901 Common shares were delivered or withheld at $39.13 per share for payment of the option exercise price or related tax liability. The filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 225 shares
Net Buy
3 txns
Insider
Behan Mark
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) F1 | 1,126 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,126 | $31.34 | $35K |
| Exercise Price or Tax Liability | Common Stock | 901 | $39.13 | $35K |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 10,518 shares (Direct)
Footnotes (1)
- F1. The options vested in four equal annual installments beginning January 29, 2021
Key Figures
Options exercised: 1,126 shares
Option exercise price: $31.34 per share
Shares delivered/withheld: 901 shares
+3 more
6 metrics
Options exercised
1,126 shares
Director Stock Options exercised into Common Stock on August 12, 2026
Option exercise price
$31.34 per share
Conversion or exercise price of Director Stock Option (Right to Buy)
Shares delivered/withheld
901 shares
Common Stock delivered or withheld for exercise price or tax liability
Share value used for F transaction
$39.13 per share
Price applied to 901 Common shares for payment of exercise price or tax liability
Option vesting start date
January 29, 2021
Options vested in four equal annual installments beginning this date
Option expiration date
January 29, 2030
Expiration date of the Director Stock Options exercised
Key Terms
Director Stock Option (Right to Buy), Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, Rule 10b5-1, +1 more
5 terms
Director Stock Option (Right to Buy) financial
"Security title listed as Director Stock Option (Right to Buy) for the derivative transaction"
Exercise or conversion of derivative security financial
"Transaction code M described as Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Transaction code F described as Payment of exercise price or tax liability by delivering or withholding securities"
Rule 10b5-1 regulatory
"aff_10b5_one checkbox indicates status regarding Rule 10b5-1 trading plans"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
vested in four equal annual installments financial
"Footnote states the options vested in four equal annual installments beginning January 29, 2021"
FAQ
What did Arrow Financial Corp (AROW) director Mark Behan report in this Form 4?
Director Mark Behan reported exercising 1,126 stock options at an exercise price of $31.34 per share, receiving 1,126 Common shares and delivering or withholding 901 shares to cover the option exercise price or tax liability.
How many Arrow Financial Corp (AROW) options did Mark Behan exercise and at what price?
Mark Behan exercised 1,126 Director Stock Options in Arrow Financial Corp at an exercise price of $31.34 per share. These options converted into an equal number of Common shares on August 12, 2026, according to the reported derivative transaction.
What happened to the Common Stock received by Mark Behan in the AROW Form 4?
After exercising options into 1,126 Common shares, 901 shares were delivered or withheld at $39.13 per share for payment of the exercise price or tax liability. The remaining position in Common Stock is not quantified in this Form 4 data.
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, meaning the reported transactions are not affirmed as occurring under a Rule 10b5-1 trading plan. No footnote describes any separate pre-arranged trading arrangement.
How did Mark Behan’s Arrow Financial Corp (AROW) options vest before this exercise?
The options exercised by Mark Behan vested in four equal annual installments beginning January 29, 2021, according to the footnote. All 1,126 options were therefore vested and exercisable by the August 12, 2026 exercise date.
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