David S. DeMarco - 28 Jan 2026 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Reporting relationship: President & CEO
Issuer ticker: AROW
Reported as of: 28 Jan 2026
Net transaction value: +$1,134,466
SEC form: 4
Accepted by SEC: 02 Feb 2026, 16:39:39 UTC
Prior SEC filing: 30 Dec 2025
Source filing: View source filing
Reporting owner signature: Penko Ivanov, Attorney in Fact

Key filing fact

David S. DeMarco filed Form 4 for ARROW FINANCIAL CORP (AROW) on 02 Feb 2026.

Key facts

This page summarizes David S. DeMarco's Form 4 filing for ARROW FINANCIAL CORP (AROW).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 02 Feb 2026, 16:39.

Change

Previous filing in this sequence was filed on 30 Dec 2025.
Current net transaction value: +$1,134,466.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001463249 Primary reporting owner

DeMarco David S.

Relationship: President & CEO
Address: 7 INGERSOL ROAD, SARATOGA SPRINGS
Signature: Penko Ivanov, Attorney in Fact
Signature date: 02 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AROW transaction

Common Stock

Award

Transaction value: $359,454
Shares: +11,084
Change %: +20%
Price: $32.43
Shares after: 67,291
Date: 28 Jan 2026
Ownership: Direct
Footnotes: F1

AROW transaction

Common Stock

Award

Transaction value: $775,012
Shares: +23,898
Change %: +36%
Price: $32.43
Shares after: 91,189
Date: 28 Jan 2026
Ownership: Direct
Footnotes: F2, F3

AROW holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,035
Date: 28 Jan 2026
Ownership: By 401(k)

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The restricted stock vests 25% per year on January 28, 2027, January 28, 2028, January 28, 2029, and January 28, 2030.

Footnote F2

The restricted stock vests 33% per year on January 28, 2027, January 28, 2028, and January 28, 2029.

Footnote F3

The information provided reflects 36 shares acquired via ESPP purchases since December 24, 2025. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.