Dawsey James M 4

What Happened

• James M. Dawsey, a director of Arrow Financial Corp. (AROW), acquired 373 shares on June 17, 2026 at $38.49 per share, a total value of approximately $14,357. The transaction is reported as an "Other acquisition or disposition (J)" and is described in the filing as a quarterly director's retainer payment (F1).

Key Details

• Transaction date and price: 2026-06-17 — 373 shares at $38.49 each (total ~$14,357).
• Acquisition type: Reported as code J ("other acquisition"); footnote F1 identifies it as the quarterly director's retainer payment.
• Additional shares: The filing also discloses 151 shares acquired under the company’s Dividend Reinvestment Plan (DRIP) since March 18, 2026 (F2). These DRIP purchases were not previously required to be reported; the filing furnishes this to show total holdings as of the Form 4 date.
• Filing date: Form filed on 2026-06-22 reporting the 06-17 transaction. No timeliness flag was provided in the supplied data.

Context

• This was a compensation-related acquisition (director retainer), not an open-market purchase. Such retainer-share issuances are routine and reflect standard board compensation rather than a direct trading signal about company prospects. The additional DRIP shares indicate ongoing dividend reinvestment.