Philip C. Morris - 08 Oct 2025 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role: Director
Signature: Penko Ivanov, Attorney in Fact
Issuer symbol: AROW
Transactions as of: 08 Oct 2025
Net transactions value: +$7,920
Form type: 4
Filing time: 10 Oct 2025, 14:23:42 UTC
Previous filing: 12 Sep 2025
Next filing: 14 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Morris Philip C	Director	250 GLEN STREET, GLENS FALLS	Penko Ivanov, Attorney in Fact	10 Oct 2025	0002044126

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AROW	Common Stock	Other	$7,920	+290	+4.9%	$27.31	6,157	08 Oct 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Quarterly Director's Retainer Payment
F2	The information provided reflects 50 shares acquired under the Company's DRIP since September 11, 2025, 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.