ARROW FINANCIAL CORP — Director's Dealing 2021

Jan 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2020-12-10

Reporting Person: REISMAN RICHARD J DMD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-10	Common Stock	G	70	—	Disposed	19577	Direct
2020-12-15	Common Stock	G	600	—	Disposed	18977	Direct
2020-12-16	Common Stock	G	150	—	Disposed	18827	Direct
2020-12-21	Common Stock	G	650	—	Disposed	18177	Direct
2021-01-13	Common Stock	J	222	$30.98	Acquired	18399	Direct

Footnotes

F1: The information provided reflects 433 shares acquired under the Company's DRIP and 565 shares acquired via a stock dividend since August 26, 2020 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: Quarterly Director's Retainer payment. Shares acquired by the Administrator of the Director's Stock Plan.