STOCK TITAN

Arrow Financial (AROW) director Raymond O’Conor makes bona fide 300-share stock gift

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ARROW FINANCIAL CORP director Raymond F. O'Conor reported a bona fide gift of 300 shares of Common Stock on 2026-06-10.

The shares were transferred at a price of $0.00 per share, reflecting a non-market gift transaction. Following this transfer, O'Conor directly holds 30,455 shares of Arrow Financial Corp Common Stock.

Positive

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Negative

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Insider O'Conor Raymond F
Role null
Type Security Shares Price Value
Gift Common Stock 300 $0.00 --
Holdings After Transaction: Common Stock — 30,455 shares (Direct, null)
Footnotes (1)
Shares gifted 300 shares Bona fide gift of Common Stock on June 10, 2026
Gift price per share $0.00 per share Reported transaction price for the 300-share gift
Shares held after transaction 30,455 shares Direct holdings following the reported gift
Bona fide gift financial
"transaction_code_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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"form_type: "4" in the filing metadata"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
O'Conor Raymond F

(Last)(First)(Middle)
7 ROLLING GREEN DRIVE

(Street)
WILTON NEW YORK 12831

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ARROW FINANCIAL CORP [ AROW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026G300D$030,455D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
Penko Ivanov, Attorney in Fact06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Arrow Financial (AROW) report for Raymond F. O'Conor?

Arrow Financial director Raymond F. O'Conor reported a bona fide gift of 300 shares of Common Stock. The transaction occurred on June 10, 2026, at a reported price of $0.00 per share, indicating a non-market, no-consideration transfer.

How many Arrow Financial (AROW) shares did Raymond F. O'Conor gift?

Raymond F. O'Conor gifted 300 shares of Arrow Financial Corp Common Stock. This was reported as a bona fide gift transaction with no purchase or sale price, reflecting a transfer without cash consideration rather than an open-market trade.

What are Raymond F. O'Conor’s Arrow Financial (AROW) holdings after the reported gift?

After the bona fide gift of 300 shares, Raymond F. O'Conor directly holds 30,455 shares of Arrow Financial Corp Common Stock. This remaining stake provides context that the gifted amount represents a relatively small portion of his disclosed direct holdings.

Was the Arrow Financial (AROW) transaction by Raymond F. O'Conor a market sale or purchase?

The transaction was not a market sale or purchase; it was reported as a bona fide gift. The filing shows 300 shares of Common Stock transferred at $0.00 per share, indicating no cash consideration and no open-market trading activity.

What does the 'G' transaction code mean in the Arrow Financial (AROW) Form 4?

In this Form 4, the 'G' transaction code is described as a bona fide gift. It signifies that 300 shares of Arrow Financial Corp Common Stock were transferred as a gift, rather than bought or sold on the open market for cash.