Arrow Financial (AROW) Director James M. Dawsey Buys 389 Shares

What Happened
Director James M. Dawsey acquired 389 shares of Arrow Financial Corp (AROW) on September 23, 2026 at $36.97 per share, a transaction valued at approximately $14,381. The filing lists the transaction as an "other acquisition" (code J) and is tied to the director's compensation.

Key Details

• Transaction date and price: 2026-09-23 at $36.97 per share; total ≈ $14,381.
• Transaction type/code: Other acquisition (J); footnote indicates a quarterly director's retainer payment (F1).
• Additional holdings disclosure: Filing notes 152 shares acquired under the company’s DRIP since June 17, 2026 (F2).
• Shares owned after transaction: The Form 4 does not state a full post-transaction total; it furnishes the 152 DRIP shares in addition to the 389-share retainer acquisition.
• Timeliness: Reported on 2026-09-25 for a 2026-09-23 transaction — filed within the typical two-business-day Form 4 window (not marked late).

Context
This was not an open-market buy but a director compensation-related acquisition (quarterly retainer) and a disclosure of shares added via the dividend reinvestment plan (DRIP). Such retainer/DRIP acquisitions are routine forms of compensation or reinvestment and do not necessarily signal a change in insider sentiment.