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ARROW FINANCIAL CORP [AROW]

Reporting date: 10/08/2025

⚠️ Neutral Insider Buy Detected

📝 What Happened

  • Insider: Multiple Reporting Owners
  • Role: Directors
  • Company: ARROW FINANCIAL CORP (AROW)
  • Transaction Date(s): 2025-10-08
  • Table I (Non-Derivative Securities)
    • Sale : 3,735
    • Average Sale Price: $27.31
    • Total Value: 3,735 * $27.31 = $102,002.85
    • Post-Transaction Direct Holdings: 240,719
    • Indirect Holdings: 9,657
    • 10b5-1 Plan Used? No

📄 Summary

Multiple reporting owners, Directors at ARROW FINANCIAL CORP (AROW), acquired 3,735 shares on October 08, 2025, at an average price of $27.31, for a total value of about ~$102,002.85. After the transaction, they now hold 240,719 shares directly and 9,657 shares indirectly. For retail traders, this is a neutral event: routine director compensation via share-based retainer, not a strong signal of directional insider sentiment.

🔑 Interpretation

  • Type: Comp-related (quarterly director retainer payments reported as share issuances)
  • Disposition: Shares were acquired/issued to the insiders (not sold); they were added to insider accounts rather than liquidated immediately.
  • Size Context: Aggregate issuance of 3,735 shares across 11 reporting directors is modest relative to the combined direct holdings (240,719 shares). This looks like routine compensation rather than large-scale accumulation or profit-taking.
  • ATH Metric: Using recent historical price context (up to yesterday's close), this issuance/trade did not appear timed at an all-time high or low — it is a routine periodic retainer issuance and not obviously opportunistic relative to historic extremes.
  • Outlier Check: Not unusually large compared to typical periodic director retainer share awards — consistent with the disclosed footnote describing quarterly retainer payments.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filings show net acquisitions coded as J (director retainer payments) across multiple directors — a compensation event rather than discretionary open-market buys or sales. Holdings increased modestly for each director and the sample is complete for this discrete retainer issuance. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine director compensation rather than a bullish or bearish signal. For retail traders, it’s noise — not a tradeable event unless corroborated by sizable open-market buys/sells from multiple insiders or senior executives.