Jahnel Darrin 4

What Happened
Jahnel Darrin, a director of Arrow Financial Corp (AROW), was granted 69 restricted shares on January 28, 2026, at a reported price of $32.43 per share, valued at approximately $2,238. The transaction is recorded as an award/grant (transaction code A), i.e., an acquisition of restricted stock rather than an open-market purchase.

Key Details

• Transaction date and price: January 28, 2026 — 69 shares at $32.43 each (total ~$2,238).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The restricted stock vests in three equal annual installments on Jan 28, 2027; Jan 28, 2028; and Jan 28, 2029.
• Filing timeliness: Report filed Feb 4, 2026 — seven days after the transaction, which is later than the standard 2 business-day Form 4 reporting requirement.

Context
Restricted stock awards to directors are a common form of compensation intended to align interests with shareholders; these shares typically cannot be sold until they vest. This grant reflects a compensation award (code A) rather than a market purchase or sale and should be viewed as a routine director compensation event, not a direct buy/sell signal.