David D. Kaiser - 21 Nov 2022 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role
SVP
Signature
Thomas J. Murphy, Attorney in Fact
Issuer symbol
AROW
Transactions as of
21 Nov 2022
Net transactions value
+$15.72
Form type
4
Filing time
22 Nov 2022, 12:06:06 UTC
Previous filing
06 Jun 2022
Next filing
08 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AROW Common Stock Tax liability $129,257 -3,639 -20% $35.52 14,652 21 Nov 2022 Direct F1
transaction AROW Common Stock Options Exercise $129,273 +6,150 +42% $21.02 20,802 21 Nov 2022 Direct
holding AROW Common Stock 3,054 21 Nov 2022 Shares held by the revocable Kaiser Family Trust F2

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) Options Exercise $0 -6,150 -100% $0.000000* 0 21 Nov 2022 Common Stock 6,150 $21.02 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 169 shares acquired under the Company's DRIP and 304 shares acquired via stock dividend sine June 03,2022 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 information provided reflects 88 shares acquired via stock dividends since June 03, 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.
F3 The option vests in four equal installments beginning January 27, 2017.