Insider Transactions Reported by 25 Insiders of ARROW FINANCIAL CORP

Insiders trading volume in the past year

	Insiders	Shares	%	Avg Price	Total $
Buys	3	+25.6K	71.9%	$28.95	+$740K
Sells	1	-10K	28.1%	$26.15	-$262K
Net	+2	+15.6K	43.8%		+$479K

Name	Relationship	Holdings Value	Past Year Net Change	Change %	Report Date
THOMAS L. HOY	Director, Chairman	$5.66M			26 May 2023
Thomas J. Murphy	President & CEO, Director	$2.02M			01 Feb 2023
DAVID G. KRUCZLNICKI	Director	$1.89M			19 Dec 2025
GARY C. DAKE	Director	$1.64M			09 Apr 2025
David S. DeMarco	President & CEO	$1.24M			29 Jan 2025
Elizabeth Miller	Director	$1.23M			08 Oct 2025
Raymond F. O'Conor	Director	$953K	-$262K	-21.5%	19 Dec 2025
Colin L. Read	Director	$887K			08 Oct 2025
David D. Kaiser	Cco & Sevp	$812K			29 Jan 2025
Penko Ivanov	SEVP, Treasurer and CFO	$783K	+$585K	+295%	04 Nov 2025
Tenee R. Casaccio	Director	$725K			08 Oct 2025
Andrew J. Wise	SEVP, Chief Risk Officer	$687K			10 Dec 2025
James M. Dawsey	Director	$505K			08 Oct 2025
WILLIAM L. OWENS	Director	$390K			29 May 2024
Michael B. Clarke	Director	$366K			05 May 2022
Mark Behan	Director	$322K			08 Oct 2025
GREGORY J. CHAMPION	Director	$274K			08 Oct 2025
Daniel James White	Director	$208K	+$149K	+257%	10 Nov 2025
Philip C. Morris	Director	$202K			11 Dec 2025
Michael Joseph Jacobs	EVP, Chief Information Officer	$188K			29 Jan 2025
Marc Yrsha	SEVP, Chief Banking Officer	$187K			29 Jan 2025
Kristine D. Duffy	Director	$167K	+$5.57K	+3.46%	08 Oct 2025
Edward J. Campanella	SVP, Treasurer & CFO	$158K			26 Jan 2022
Brooke M. Pancoe	EVP, Chief HR Officer	$75.6K			29 Jan 2025
Darrin Jahnel	Director				25 Nov 2025

Insider	Symbol	Class	Transaction	%	Value $	* Price $	Shares	Shares Owned	Date	Ownership

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