David D. Kaiser - 10 May 2021 Form 4 Insider Report for ARROW FINANCIAL CORP (AROW)

Role
SVP
Signature
Thomas J. Murphy, Attorney in Fact
Issuer symbol
AROW
Transactions as of
10 May 2021
Net transactions value
-$11.29
Form type
4
Filing time
11 May 2021, 16:47:50 UTC
Next filing
10 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AROW Common Stock Tax liability $63,567 -1,683 -14% $37.77 10,755 10 May 2021 Direct F1
transaction AROW Common Stock Options Exercise $63,556 +3,137 +29% $20.26 13,892 10 May 2021 Direct
holding AROW Common Stock 3,579 10 May 2021 Shares held by the revocable Kaiser Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AROW Employee Stock Option (Right to Buy) Options Exercise $0 -3,137 -100% $0.000000* 0 10 May 2021 Common Stock 3,137 $20.26 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The information provided reflects 47 shares acquired under the Company's DRIP and 539 shares related to the 2020 ESOP allocation which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
F2 The option vests in four equal annual installments beginning January 25, 2013