White Daniel James 4

What Happened
Daniel J. White, a director of Arrow Financial Corp (AROW), was granted 818 restricted shares on January 28, 2026. The award is reported at $32.43 per share for a total reported value of $26,528. This was an award/grant (acquisition) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-28; Form 4 filed: 2026-02-04 (filed after the typical 2-business-day reporting window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 818 shares at $32.43/share; total reported value $26,528.
• Vesting: The restricted stock vests in three equal installments on Jan 28 of 2027, 2028 and 2029 (Footnote F1).
• Holdings disclosure: The filing notes 14 additional shares acquired via the company DRIP since Nov 10, 2025 that were not required to be reported earlier; the Form 4 furnishes this to disclose total holdings (Footnote F2). The exact total post-transaction share count is not provided in the summary data here.
• Timeliness: Filing date is later than the usual 2-business-day window for Form 4s; the filing was submitted 7 days after the transaction.

Context
Restricted stock awards like this are typically used for compensation and retention; they vest over time and do not represent an immediate sale or cash proceeds. For retail investors, awards indicate alignment with the company’s longer-term compensation plan but should not be interpreted alone as a buy/sell signal.