Thomas J. Murphy - Aug 2, 2021 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role
President & CEO, Director
Signature
Thomas J. Murphy
Stock symbol
AROW
Transactions as of
Aug 2, 2021
Transactions value $
-$54,588
Form type
4
Date filed
8/3/2021, 03:43 PM
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AROW Common Stock Tax liability -$919K -25.9K -45.01% $35.56 31.6K Aug 2, 2021 Direct F1
transaction AROW Common Stock Options Exercise $88.2K +2.58K +8.15% $34.25 34.2K Aug 2, 2021 Direct
transaction AROW Common Stock Options Exercise $159K +5.3K +15.53% $29.89 39.5K Aug 2, 2021 Direct
transaction AROW Common Stock Options Exercise $246K +8.2K +20.77% $30.01 47.7K Aug 2, 2021 Direct
transaction AROW Common Stock Options Exercise $372K +11.3K +23.62% $33.06 58.9K Aug 2, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AROW Employee Stock Option (Right to Buy) Options Exercise $0 -2.58K -100% $0.00* 0 Aug 2, 2021 Common Stock 2.58K $34.25 Direct F2
transaction AROW Employee Stock Option (Right to Buy) Options Exercise $0 -5.3K -100% $0.00* 0 Aug 2, 2021 Common Stock 5.3K $29.89 Direct F3
transaction AROW Employee Stock Option (Right to Buy) Options Exercise $0 -8.2K -100% $0.00* 0 Aug 2, 2021 Common Stock 8.2K $30.01 Direct F4
transaction AROW Employee Stock Option (Right to Buy) Options Exercise $0 -11.3K -100% $0.00* 0 Aug 2, 2021 Common Stock 11.3K $33.06 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The information provided reflects 906 shares acquired under the Company's DRIP and 499 shares related to the 2020 ESOP allocation since January 29, 2021 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 vest in four equal installments beginning January 29, 2021
F3 The options vest in four equal installments beginning January 30, 2020
F4 The options vest in four equal installments beginning January 31, 2019
F5 The options vest in four equal installments beginning January 25, 2018