KRUCZLNICKI DAVID G 4

What Happened David G. Kruczlnicki, a director of ARROW FINANCIAL CORP (AROW), was issued 266 shares on 2026-03-18 at $31.76 per share (total value about $8,448). The transaction is reported as an "other acquisition" (code J) and the filing lists the shares as a quarterly director retainer payment rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-18; filing date: 2026-03-20 (appears timely — within the usual two-business-day Form 4 window).
• Shares received: 266 at $31.76 each; reported total value ~$8,448.
• Transaction code: J (other acquisition/disposition).
• Footnote F1: Identified as "Quarterly Director's Retainer Payment."
• Shares owned after transaction: not specified in the information you provided.

Context This was a compensation issuance to a director (retainer), not an open-market purchase or sale by the insider. Such grants are routine compensation and do not necessarily signal personal buying or selling intent.