ARROW FINANCIAL CORP — Director's Dealing 2022

Jan 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2022-01-12

Reporting Person: Miller Elizabeth (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-12	Common Stock	J	212	$35.64	Acquired	23975	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5512	Indirect

Footnotes

F1: Quarterly Director's Retainer payment.

F2: The information provided reflects 135 shares acquired under the Company's DRIP since October 13, 2021 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.