Andrew J. Wise - 28 Jan 2026 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role: SEVP, Chief Risk Officer
Signature: Penko Ivanov, Attorney in Fact
Issuer symbol: AROW
Transactions as of: 28 Jan 2026
Net transactions value: +$131,601
Form type: 4
Filing time: 02 Feb 2026, 16:51:42 UTC
Previous filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wise Andrew J	SEVP, Chief Risk Officer	250 GLEN STREET, GLENS FALLS	Penko Ivanov, Attorney in Fact	02 Feb 2026	0001729837

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AROW	Common Stock	Award	$131,601	+4,058	+19%	$32.43	25,818	28 Jan 2026	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock vests 25% per year on January 28, 2027, January 28, 2028, January 28, 2029, and January 28, 2030.
F2	The information provided reflects 35 shares acquired via ESPP purchases since December 10, 2025. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.