ARROW FINANCIAL CORP — Director's Dealing 2021

Jan 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2021-01-27

Reporting Person: Behan Mark (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Director Stock Option (Right to Buy)	$29.55	A	1000	Acquired	2031-01-27	Common Stock (1000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3602	Direct

Footnotes

F1: The options vests in four equal installments beginning January 27, 2022