Read Colin L 4

What Happened

• Colin L. Read, a director of Arrow Financial Corp (AROW), was credited with 226 shares on 2026-03-18 as an other acquisition (code J) representing his quarterly director retainer. The shares were recorded at $31.76 each, for a total value of $7,178. This was a compensation-related acquisition rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-18; Price: $31.76 per share; Total value: $7,178.
• Transaction code: J (other acquisition or disposition) — footnote F1 identifies this as the quarterly director's retainer payment.
• Shares owned after transaction: Not specified in the Form 4.
• Filing: Report filed 2026-03-20 for the 2026-03-18 transaction (filed promptly; not noted as late).
• Footnote F2: Reporting person disclaims beneficial ownership of these securities (standard disclaimer).

Context

• This transaction reflects compensation (retainer) paid in company stock to a director. Such grants are routine and do not necessarily indicate the director is making a market purchase or expressing a buy/sell opinion. Retail investors should note compensation-related issuances versus voluntary purchases when interpreting insider activity.