Arrow Financial director logs 195-share stock retainer

Arrow Financial Corp director Raymond F. O’Conor recorded an “other” Common Stock transaction tied to a Quarterly Director's Retainer Payment.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Arrow Financial Corp director Raymond F. O’Conor recorded an “other” Common Stock transaction tied to a Quarterly Director's Retainer Payment. The filing shows 195 shares at $38.49 per share, bringing his direct holdings to 30,650 shares. This appears to be routine, compensation-related and represents only a small change relative to his overall position.

Insider Trade Summary

Other: 195 shares

Other 1 txn

Insider O'Conor Raymond F

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	195	$38.49	$8K

Holdings After Transaction: Common Stock — 30,650 shares (Direct)

Footnotes (1)

F1. Quarterly Director's Retainer Payment

Key Figures

Shares in transaction: 195 shares Price per share: $38.49 per share Shares after transaction: 30,650 shares +1 more

4 metrics

Shares in transaction 195 shares Common Stock, code J other transaction

Price per share $38.49 per share Value used for the 195-share retainer payment

Shares after transaction 30,650 shares Total Common Stock directly held following the Form 4 transaction

Restructuring shares 195 shares Shares classified under restructuring/other in transaction summary

Key Terms

Quarterly Director's Retainer Payment, Common Stock, Other acquisition or disposition, Form 4

4 terms

Quarterly Director's Retainer Payment financial

"Quarterly Director's Retainer Payment"

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.

Other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

FAQ

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

What did Arrow Financial (AROW) director Raymond O’Conor report on this Form 4?

Director Raymond F. O’Conor reported an “other” Common Stock transaction of 195 shares. It relates to a Quarterly Director's Retainer Payment, reflecting routine compensation rather than an open-market trade or major change in his ownership position.

How many Arrow Financial (AROW) shares were involved in O’Conor’s latest transaction?

The Form 4 shows 195 shares of Arrow Financial Common Stock were involved. The transaction was coded J, described as other acquisition or disposition, and tied to a Quarterly Director's Retainer Payment according to the accompanying footnote disclosure.

At what price were the Arrow Financial (AROW) shares in this Form 4 valued?

The 195 Common Stock shares are shown at a price of $38.49 per share. This price is part of the Form 4 disclosure and helps indicate the dollar value of the Quarterly Director's Retainer Payment received in stock by the director.

What are Raymond O’Conor’s Arrow Financial (AROW) holdings after this Form 4 transaction?

After the reported transaction, Raymond F. O’Conor directly holds 30,650 shares of Arrow Financial Common Stock. This post-transaction balance is disclosed in the Form 4 and shows that the 195-share adjustment is small compared with his overall position.

Was the Arrow Financial (AROW) Form 4 transaction a market buy or sell?

The filing does not classify it as a market buy or sell. It carries code J, described as other acquisition or disposition, and the footnote states it is a Quarterly Director's Retainer Payment, indicating a compensation-related stock transaction instead of an open-market trade.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:46 PM EDT

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2026		J⁽¹⁾		195	A	$38.49	30,650	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Quarterly Director's Retainer Payment

Remarks:

	Penko Ivanov, Attorney in Fact	06/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR