Jahnel Darrin 4

What Happened

• Director Darrin Jahnel acquired 286 shares of Arrow Financial (AROW) on 2026-06-17 at $38.49 per share, for a total transaction value of $11,008. The transaction is reported as an acquisition (code J) and is described in the filing as a quarterly director's retainer payment (footnote F1).

Key Details

• Transaction date and price: 2026-06-17 — 286 shares @ $38.49 (total $11,008).
• Transaction code: J (Other acquisition or disposition); footnote F1: Quarterly Director's Retainer Payment.
• Additional disclosure (F2): 4 shares were acquired under the company's DRIP since March 18, 2026 and are being furnished to show total holdings.
• Shares owned after transaction: Not explicitly specified in the provided filing text.
• Filing timeliness: Form filed 2026-06-22 for a 2026-06-17 transaction; filing is marked late (L), which delays public disclosure until the filing date.

Context

• This acquisition resulted from director compensation (a retainer payment) rather than an open-market purchase. Such retainer-related share issuances are routine and reflect how directors are paid; they do not by themselves indicate the director’s private trading view. The late filing delays transparency but does not change the nature of the transaction.