Jahnel Darrin 4

What Happened
Darrin Jahnel, a director of Arrow Financial Corp. (AROW), received 462 shares on 2026-03-18 as an acquisition (transaction code J) at an effective price of $31.76 per share, for a total value of $14,673. This was a compensation-related issuance (quarterly director retainer), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18
• Transaction type/code: Other acquisition or disposition (J) — director retainer payment
• Shares received: 462 at $31.76 per share
• Total value: $14,673 (reported)
• Footnote: F1 — Quarterly Director's Retainer Payment
• Shares owned after transaction: Not specified in the filing
• Filing timeliness: No late-filing flag noted in the provided data

Context
Stock paid as a director retainer is a common form of compensation and reflects payroll/compensation policy rather than a direct statement of the director’s market view. This was not an option exercise, open-market purchase, sale, or gift.