Jacobs Michael Joseph 4
4 · ARROW FINANCIAL CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Arrow Financial (AROW) CIO Michael Jacobs Receives Stock Award
What Happened
Michael Joseph Jacobs, Executive Vice President and Chief Information Officer of Arrow Financial Corp (AROW), was granted 2,406 restricted shares on January 28, 2026. The grant price was $32.43 per share, with a total grant value of approximately $78,027. This is a stock award (acquisition), not a sale.
Key Details
- Transaction date: 2026-01-28; Price: $32.43 per share; Shares granted: 2,406; Total value: ~$78,027.
- Vesting: The restricted stock vests 25% per year on Jan 28 of 2027, 2028, 2029 and 2030 (footnote F1).
- Holdings disclosure: The filing also furnishes that 2,744 shares related to the 2024 ESOP allocation are reflected as the insider’s total holdings as of this Form 4 (footnote F2).
- Filing: Form 4 filed with accession date 2026-02-02, reporting the Jan 28, 2026 grant.
Context
Restricted stock awards are a common form of executive compensation and generally vest over time; they are acquisitions (a bullish signal in that the insider is receiving company stock) but do not indicate immediate buying in the open market. This award will only convert to unrestricted shares as it vests per the schedule above.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-01-28$32.43/sh+2,406$78,027→ 12,571 total
Footnotes (2)
- [F1]The restricted stock vests 25% per year on January 28, 2027, January 28, 2028, January 28, 2029, and January 28, 2030.
- [F2]The information provided reflects 2,744 shares related to the 2024 ESOP allocation since January 29, 2025. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.