ARROW FINANCIAL (AROW) Director Colin Read Receives 194 Shares

What Happened
Colin L. Read, a director of Arrow Financial Corp (AROW), was issued 194 shares on September 23, 2026, at an effective price of $36.97 per share, for a total value of approximately $7,172. The transaction is reported as an "other acquisition" (code J) and is described by the filer as a quarterly director's retainer payment — i.e., compensation rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-09-23, 194 shares at $36.97 each (total ≈ $7,172).
• Transaction type: Other acquisition (code J) — quarterly director's retainer payment (footnote F1).
• Shares owned after transaction: Not disclosed in this filing.
• Filing date: 2026-09-25 — filed two business days after the transaction (appears timely).

Context
This issuance was a routine compensation payment to a board member, not an open-market buy or sale. Such retainer-share issuances are common practice for director compensation and do not, by themselves, indicate the director's view of the company's stock.