Arrow Financial (AROW) Director Rocco Arcuri Receives 186 Shares

What Happened
Rocco F. Arcuri Sr., a director of Arrow Financial Corp. (AROW), received 186 shares on 2026-09-23 at an effective price of $36.97 per share, with a reported aggregate value of $6,876. The transaction is coded as an “other acquisition” (code J) and the filing footnote indicates these shares were issued as the quarterly director’s retainer (F1). This is a compensation-related acquisition rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-09-23 at $36.97 per share for 186 shares (total $6,876).
• Transaction code / type: J (Other acquisition); footnote F1: Quarterly director’s retainer payment.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing date / timeliness: Form 4 filed 2026-09-25 for the 9/23/2026 transaction — appears to be filed within the typical 2-business-day window.

Context
Director retainer payments in stock are routine compensation and do not by themselves indicate insider confidence or a market view. Such issuances simply convert part of director fees into shares; they differ from open-market buys, which are typically considered stronger signals of personal investment.