Yrsha Marc 4

What Happened

• Yrsha Marc, Senior EVP and Chief Banking Officer of Arrow Financial Corp (AROW), was granted 4,058 restricted shares on January 28, 2026. The award was priced at $32.43 per share, for a total value of $131,601. This was an equity grant (award), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-28; 4,058 shares at $32.43 each.
• Transaction type/code: Award/Grant (Form 4 code A).
• Shares owned after transaction: Reported total holdings of 6,716 shares (4,058 grant + 74 DRIP + 194 ESPP + 2,390 2024 ESOP allocation, per footnote disclosure).
• Vesting: The restricted stock vests 25% per year on Jan 28 in 2027, 2028, 2029 and 2030 (footnote F1).
• Filing timeliness: No late filing indicated on the Form 4.

Context

• This grant is compensation-based restricted stock subject to multi-year vesting, so shares are not fully liquid immediately. Such awards are common for executive pay and should be interpreted as compensation rather than a direct market sentiment signal.