Arrow Financial director gets 226-share stock retainer

Arrow Financial Corp director Colin L. Read reported receiving 226 shares of common stock on March 18, 2026 as a quarterly director's retainer payment valued at $31.76 per share.

Accepted by SEC EDGAR 03/20/2026 - 01:38 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Arrow Financial Corp director Colin L. Read reported receiving 226 shares of common stock on March 18, 2026 as a quarterly director's retainer payment valued at $31.76 per share. After this compensation transaction, he directly holds 30,376 shares. An additional 3,020 shares are held indirectly by his wife, and he disclaims beneficial ownership of those securities.

Insider Trade Summary

Other: 226 shares

Other 1 txn

Insider Read Colin L

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	226	$31.76	$7K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 30,376 shares (Direct); Common Stock — 3,020 shares (Indirect, Held By Wife)

Footnotes (2)

1. F1. Quarterly Director's Retainer Payment
2. F2. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for any purpose.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Arrow Financial (AROW) disclose for Colin L. Read?

Arrow Financial director Colin L. Read received 226 shares of common stock as a quarterly director’s retainer. This compensation-based stock issuance was reported on March 18, 2026, and did not involve an open-market purchase or sale of shares.

How many Arrow Financial shares did Colin L. Read hold after the reported transaction?

Following the March 18, 2026 transaction, Colin L. Read directly held 30,376 Arrow Financial common shares. The filing also notes 3,020 additional shares held indirectly by his wife, which he formally disclaims as beneficially owned securities.

Was the Arrow Financial (AROW) insider transaction a routine compensation event?

Yes. The 226-share transaction was labeled as a quarterly director’s retainer payment. This indicates it was routine equity compensation for board service rather than a discretionary open-market trade, reducing its significance as a trading signal for investors.

What price was used for Colin L. Read’s Arrow Financial stock retainer?

The 226 Arrow Financial common shares tied to the director’s retainer were valued at $31.76 per share. This per-share value is disclosed in the filing and is used to reflect the dollar value of the equity compensation granted.

How are Colin L. Read’s indirect Arrow Financial holdings characterized in the filing?

The filing shows 3,020 Arrow Financial shares held indirectly by his wife. It explicitly states that Colin L. Read disclaims beneficial ownership of these securities, meaning they are associated with him but not treated as his personal economic holdings.

Does this Arrow Financial Form 4 show any insider buying or selling activity?

The Form 4 does not report traditional insider buying or selling. Instead, it records a 226-share stock grant as a director’s retainer and updates indirect family holdings, which are disclosed with a disclaimer of beneficial ownership by Colin L. Read.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED 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^*

Read Colin L

(Last) (First) (Middle)

81 BLAIR ROAD

(Street)

PLATTSBURGH NEW YORK 12901

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/18/2026		J(1)		226	A	$31.76	30,376	D
Common Stock								3,020	I(2)	Held By Wife

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Quarterly Director's Retainer Payment

2. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for any purpose.

Remarks:

	Penko Ivanov, Attorney in Fact	03/20/2026
	** Signature of Reporting Person	Date
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)