O'Conor Raymond F 4

What Happened Raymond F. O'Conor, a director of Arrow Financial Corp (AROW), was issued 236 shares on 2026-03-18 at $31.76 per share, for a total value of approximately $7,495. The transaction is reported as an "other acquisition" (code J) and is explained by the filer as a quarterly director's retainer payment (footnote F1). This is a receipt of shares as compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Shares acquired: 236 at $31.76 per share; total value ≈ $7,495.
• Transaction code: J (Other acquisition or disposition).
• Footnote F1: Quarterly Director's Retainer Payment (shares issued as director compensation).
• Shares owned after transaction: not specified in the provided summary.

Context Receiving shares as a director retainer is compensation and does not necessarily signal the director buying stock on the open market. Such issuances are common for director pay and are treated differently from voluntary purchases; they increase insider ownership but primarily reflect compensation policy rather than a trading view.