Andrew J. Wise - 17 Aug 2022 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role
SVP, Chief Operating Officer
Signature
Thomas J. Murphy, Attorney in Fact
Issuer symbol
AROW
Transactions as of
17 Aug 2022
Net transactions value
+$11,820
Form type
4
Filing time
18 Aug 2022, 11:12:46 UTC
Previous filing
13 Jun 2022
Next filing
02 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AROW Common Stock Tax liability $29,031 -821 -17% $35.36 4,141 17 Aug 2022 Direct F1
transaction AROW Common Stock Options Exercise $11,831 +406 +9.8% $29.14 4,547 17 Aug 2022 Direct
transaction AROW Common Stock Options Exercise $29,020 +1,000 +22% $29.02 5,547 17 Aug 2022 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 -406 -100% $0.000000* 0 17 Aug 2022 Common Stock 406 $29.14 Direct F2
transaction AROW Employee Stock Option (Right to Buy) Award $0 +1,000 +36% $0.000000 3,743 17 Aug 2022 Common Stock 1,000 $29.02 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This information reflects 146 shares acquired under the Company's DRIP 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 option vests in four equal annual installments beginning January 31, 2019
F3 The option vests in four equal annual installments beginning January 29, 2020