Duffy Kristine D 4

What Happened

• Kristine D. Duffy, a director of Arrow Financial Corp. (AROW), was credited with 236 shares on 2026-03-18 at $31.76 per share (total value ≈ $7,495). The transaction is reported as an "Other acquisition or disposition" (code J) and is disclosed as the quarterly director's retainer payment.

Key Details

• Transaction date and price: 2026-03-18, 236 shares @ $31.76.
• Reported value: approximately $7,495.
• Filing date: Form 4 filed 2026-03-20 (timely; no late-filing flag reported).
• Footnotes: F1 indicates this was the quarterly director retainer payment. F2 and F3 note an additional 10 and 9 shares, respectively, were acquired under the company’s DRIP since Jan 28, 2026 and are being furnished to disclose total holdings. F4 states the reporting person disclaims beneficial ownership of these securities.
• Shares owned after transaction: not specified in the provided filing data.

Context

• Code J typically denotes a non-standard acquisition; here the filing identifies the shares as director compensation (retainer), a routine, non-market purchase. Such retainer-share issuances are compensation events rather than open-market bullish purchases and should be interpreted accordingly.