Casaccio Tenee R 4

What Happened Tenee R. Casaccio, a director of Arrow Financial Corp (AROW), acquired 292 shares on June 17, 2026 as an "other" acquisition tied to her director retainer. The shares were acquired at $38.49 each for a total value of $11,239. This was a non-market acquisition (retainer/DRIP), not an open-market buy.

Key Details

• Transaction date: 2026-06-17; Price: $38.49 per share; Shares acquired: 292; Value: $11,239.
• Footnote F1 indicates this was a quarterly director's retainer payment.
• Footnote F2 discloses an additional 206 shares acquired under the company’s DRIP since March 18, 2026; total disclosed holdings as of this Form 4 = 292 + 206 = 498 shares.
• Transaction code: J (other acquisition/disposition) — reflects a compensation/retainer-type issuance rather than an open-market purchase.
• Filing: Form 4 was filed 2026-06-22, five days after the transaction date (this is later than the typical two-business-day filing requirement for Form 4).

Context Director retainer payments and DRIP issuances are routine compensation mechanisms and do not necessarily reflect a director’s discretionary investment decision. Such non-market acquisitions are informative about share accumulation but are different from voluntary open-market purchases.