Arrow Financial CEO exercises 1,771 stock options
Arrow Financial’s CEO exercised stock options and used 1,504 shares to cover exercise price or taxes, with remaining holdings including 3,035 shares in a 401(k).
Rhea-AI Filing Summary
ARROW FINANCIAL CORP (AROW) President & CEO David S. DeMarco exercised employee stock options for 1,771 shares of common stock on September 4, 2026 at an exercise price of $30.26 per share, eliminating this option position. He received 1,771 common shares and 1,504 shares of common stock were delivered or withheld at $39.57 per share for payment of exercise price or tax liability. DeMarco also held 3,035 shares of common stock indirectly through a 401(k) plan as of this date, and a footnote reports an additional 29 shares acquired through the company’s DRIP since August 28, 2026. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,771 shares exercised/converted
Exercise
4 txns
Insider
DeMarco David S.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F2 | 1,771 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,771 | $30.26 | $54K |
| Exercise Price or Tax Liability | Common Stock F1 | 1,504 | $39.57 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 95,826 shares (Direct);
Common Stock — 3,035 shares (Indirect, By 401(k))
Footnotes (2)
- F1. The information provided reflects 29 shares acquired under the Company's DRIP since August 28, 2026 , which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
- F2. The options vested in four equal installments beginning January 25, 2018
Key Figures
Options exercised: 1,771 shares
Exercise price: $30.26 per share
Shares delivered/withheld: 1,504 shares
+3 more
6 metrics
Options exercised
1,771 shares
Employee stock options for Arrow Financial common stock exercised on September 4, 2026
Exercise price
$30.26 per share
Exercise price of employee stock options converted into 1,771 common shares
Shares delivered/withheld
1,504 shares
Common shares delivered or withheld for payment of exercise price or tax liability
Price for exercise-price-or-tax-liability shares
$39.57 per share
Price applied to 1,504 shares delivered or withheld for exercise price or tax liability
Indirect 401(k) holdings
3,035 shares
Common stock held indirectly by DeMarco through a 401(k) as of September 4, 2026
DRIP shares
29 shares
Shares acquired under Arrow Financial’s DRIP since August 28, 2026
Key Terms
Employee Stock Option, 401(k), DRIP, Payment of exercise price or tax liability by delivering or withholding securities
4 terms
Employee Stock Option financial
"security title is listed as "Employee Stock Option (Right to Buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
401(k) financial
"nature of ownership is described as "By 401(k)" for indirect holdings"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
DRIP financial
"footnote notes shares acquired under the Company's DRIP since August 28, 2026"
A DRIP (dividend reinvestment plan) automatically uses cash dividends to buy additional shares of the same company instead of paying the money to the investor. Like using spare change from each paycheck to buy more of something you already own, a DRIP helps holdings grow over time through compounding without requiring the investor to decide each time, which can boost long‑term returns but reduce short‑term cash income.
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction code F is described as this type of transaction"
FAQ
What did AROW’s CEO David S. DeMarco report on this Form 4?
David S. DeMarco exercised 1,771 employee stock options for Arrow Financial common stock at an exercise price of $30.26 per share on September 4, 2026, receiving 1,771 shares and eliminating this specific option position.
Were the AROW Form 4 transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions, meaning they are not affirmatively reported as executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
