Thomas J. Murphy - Feb 1, 2023 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role
President & CEO, Director
Signature
Thomas J. Murphy
Stock symbol
AROW
Transactions as of
Feb 1, 2023
Transactions value $
$0
Form type
4
Date filed
2/2/2023, 06:14 PM
Previous filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AROW Common Stock 66K Feb 1, 2023 Direct F1

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) Award $0 +10K $0.00 10K Feb 1, 2023 Common Stock 10K $32.41 Direct F2
transaction AROW Restricted Stock Units Award $0 +5.01K $0.00 5.01K Feb 1, 2023 Common Stock 5.01K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The information provided reflects 3074 shares acquired under the Company's DRIP, 566 shares acquired via a stock dividend and 1,006 shares related to the 2021 ESOP allocation since January 26, 2022 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 February 01, 2024
F3 Each restricted stock unit represents the contingent right to receive one share of AROW common stock provided the Grantee remains employed through the applicable vesting date of January 31, 2026