Read Colin L 4

What Happened
Colin L. Read, a director of Arrow Financial Corp (AROW), was granted 818 restricted shares on January 28, 2026, at a reported fair market value of $32.43 per share, totaling $26,528. This was an award/grant of restricted stock (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-01-28 — 818 shares @ $32.43 (total $26,528).
• Shares owned after transaction: Not specified in the filing.
• Vesting: The restricted stock vests in three equal installments on Jan 28, 2027; Jan 28, 2028; and Jan 28, 2029. (Footnote)
• Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership of these securities per the filing. (Footnote)
• Filing timeliness: Form 4 was filed on 2026-02-04, which is more than two business days after the Jan 28 transaction and therefore appears late under standard Form 4 timing rules.

Context
Restricted stock awards are common director compensation and typically vest over time (here, over three years). Because these shares are restricted and subject to vesting, they are not the same as an immediate open-market purchase and may be forfeited if conditions are not met; the filing’s disclaimer also indicates the reporting person does not claim beneficial ownership in this report.