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ARROW FINANCIAL CORP

AROW Net selling
CIK 0000717538 #2829 in the set updated 18 Sep 2026
Bought (120 mo)
$1.84M
out of their own pocket, the only kind of buying there is
Sold (120 mo)
$3.38M
$500.14K on a plan · $0.00 straight out of an exercise
Sold at will
$2.88M
87 of 96 sales
Net
−$1.54M
−$1.04M against sales at will

By person

29 insiders · 234 transactions
5.4×

David S. DeMarco holds 5.4 times base salary in stock. $3.93M of shares against $715.85K in salary for 2025.

Salary from the company's own proxy. The shares are what David S. DeMarco last reported holding, valued at $38.59, the price Common Stock was last bought or sold at on the open market here, on 17 Jun 2026.

Insider
Role
Bought
Sold
Net
Holding
Of company
Worth
Change
O'Conor Raymond F
Director
—
$1.03M (36)
−$1.03M
31,085
0.1678%
$1.20M
−46.1%
DeMarco David S.
President & CEO
$96.45K (1)
$885.98K (13)
−$789.53K
101,896
0.5501%
$3.93M
+103.9%
Ivanov Penko Krassimir
SEVP, Treasurer and CFO
$585.06K (8)
—
+$585.06K
31,045
0.1676%
$1.20M
+2,941%
DAKE GARY C
Director
$223.31K (6)
$528.72K (5)
−$305.41K
64,635
0.3489%
$2.49M
+11.1%
Clarke Michael B
Director
—
$236.81K (1)
−$236.81K
27,256
0.1471%
$1.05M
−13.7%
White Daniel James
Director
$149.43K (2)
—
+$149.43K
8,234
0.0445%
$317.75K
+12,568%
Behan Mark
Director
$18.86K (2)
$158.60K (1)
−$139.74K
10,851
0.0586%
$418.74K
+241.1%
Goodemote Terry R
EVP & CFO
$99.26K (1)
—
+$99.26K
15,928
0.0860%
$614.66K
−13.8%
Read Colin L
Director
$382.71K (4)
$286.72K (30)
+$95.99K
33,583
0.1813%
$1.30M
+233.0%
HOY THOMAS L
Director
$82.23K (1)
$168.10K (4)
−$85.87K
227,294
1.23%
$8.77M
+0.3%
Wise Andrew J
SEVP, Chief Risk Officer
$72.82K (3)
—
+$72.82K
25,818
0.1394%
$996.32K
+160.7%
Miller Elizabeth
Director
$80.70K (1)
$16.87K (2)
+$63.83K
45,928
0.2479%
$1.77M
+50.7%
REISMAN RICHARD J DMD
Director
—
$25.05K (1)
−$25.05K
20,039
0.1082%
$773.31K
+31.4%
OWENS WILLIAM L
Director
$27.73K (2)
$4.09K (2)
+$23.64K
16,493
0.0890%
$636.46K
+129.5%
Kaiser David D
CCO & SEVP
$24.99K (1)
$37.55K (1)
−$12.55K
35,711
0.1928%
$1.38M
+72.5%
KRUCZLNICKI DAVID G
Director
—
—
—
60,619
0.3273%
$2.34M
+31.6%
Murphy Thomas J.
President & CEO
—
—
—
58,919
0.3181%
$2.27M
+16.1%
MOYNEHAN DAVID L
Director
—
—
—
43,799
0.2364%
$1.69M
+1.5%
Casaccio Tenee R
Director
—
—
—
28,660
0.1547%
$1.11M
+66.6%
Dawsey James M
Director
—
—
—
20,596
0.1112%
$794.80K
+24.2%
Yrsha Marc
SEVP, Chief Banking Officer
—
—
—
14,132
0.0763%
$545.35K
+148.1%
Jacobs Michael Joseph
EVP, Chief Information Officer
—
—
—
12,571
0.0679%
$485.11K
+78.9%
CHAMPION GREGORY J
Director
—
—
—
12,000
0.0648%
$463.08K
+191.5%
Morris Philip C
Director
—
—
—
8,744
0.0472%
$337.43K
+84.5%
CARUSONE JOHN J JR
Director
—
—
—
7,580
0.0409%
$292.51K
+2.8%
Pancoe Brooke M
EVP, Chief HR Officer
—
—
—
7,145
0.0386%
$275.73K
+212.3%
Duffy Kristine D
Director
—
—
—
6,408
0.0346%
$247.28K
+75.4%
Jahnel Darrin
Director
—
—
—
821
0.0044%
$31.68K
+20,425%
Campanella Edward J
SVP, Treasurer & CFO
—
—
—
199
0.0011%
$7.68K
0.0%

Individual transactions

106
Insider
Date
Role
Action
Shares
Price
Amount
DeMarco David S.
4 Sep 2026
President & CEO
Exercised, kept
1,771
$30.26
$53.59K
DeMarco David S.
28 Aug 2026
President & CEO
Exercised, kept
4,379
$30.26
$132.51K
DeMarco David S.
17 Aug 2026
President & CEO
Exercised, kept
3,346
$27.04
$90.48K
Behan Mark
17 Aug 2026
Director
Exercised, kept
1,093
$27.04
$29.55K
Behan Mark
12 Aug 2026
Director
Exercised, kept
1,126
$31.34
$35.29K
Behan Mark
6 Aug 2026
Director
Exercised, kept
773
$31.47
$24.33K
Behan Mark
4 Aug 2026
Director
Exercised, kept
1,160
$27.35
$31.73K
Behan Mark
4 Aug 2026
Director
Exercised, kept
1,195
$27.47
$32.83K
O'Conor Raymond F
4 Aug 2026
Director
Exercised, kept
1,061
$33.78
$35.84K
O'Conor Raymond F
24 Jun 2026
Director
Exercised, kept
1,126
$31.34
$35.29K
Behan Mark
18 Jun 2026
Director
Exercised, kept
1,061
$33.78
$35.84K
Morris Philip C
19 May 2026
Director
Exercised, kept
386
$31.47
$12.15K
Morris Philip C
11 May 2026
Director
Exercised, kept
546
$27.04
$14.76K
KRUCZLNICKI DAVID G
19 Dec 2025
Director
Exercised, kept
1,093
$27.04
$29.55K
O'Conor Raymond F
19 Dec 2025
Director
Exercised, kept
1,093
$27.04
$29.55K
Wise Andrew J
10 Dec 2025
SEVP, Chief Risk Officer
Exercised, kept
3,483
$27.04
$94.18K
O'Conor Raymond F
20 Nov 2024
Director
Exercised, kept
1,160
$27.35
$31.73K
O'Conor Raymond F
20 Nov 2024
Director
Exercised, kept
1,195
$27.47
$32.83K
Wise Andrew J
7 Nov 2024
SEVP, Chief Risk Officer
Exercised, kept
1,982
$27.04
$53.59K
Wise Andrew J
7 Nov 2024
SEVP, Chief Risk Officer
Exercised, kept
3,971
$27.35
$108.61K
Casaccio Tenee R
10 Jun 2024
Director
Exercised, kept
1,268
$20.41
$25.88K
Casaccio Tenee R
10 Jun 2024
Director
Exercised, kept
1,292
$19.99
$25.83K
DAKE GARY C
17 Feb 2023
Director
Exercised, kept
1,160
$28.29
$32.82K
Kaiser David D
21 Nov 2022
SVP
Exercised, kept
6,150
$21.02
$129.27K
Wise Andrew J
17 Aug 2022
SVP, Chief Operating Officer
Exercised, kept
1,000
$29.02
$29.02K
Wise Andrew J
17 Aug 2022
SVP, Chief Operating Officer
Exercised, kept
406
$29.14
$11.83K
Wise Andrew J
10 Jun 2022
SVP, Chief Operating Officer
Exercised, kept
687
$29.14
$20.02K
Kaiser David D
3 Jun 2022
SVP
Exercised, kept
3,046
$21.21
$64.61K
DAKE GARY C
7 Feb 2022
Director
Exercised, kept
300
$21.65
$6.50K
Wise Andrew J
2 Nov 2021
SVP, Chief Operating Officer
Exercised, kept
1,000
$29.14
$29.14K
Kaiser David D
9 Sep 2021
SVP
Exercised, kept
3,015
$20.73
$62.50K
Murphy Thomas J.
2 Aug 2021
President & CEO
Exercised, kept
11,256
$33.06
$372.12K
Murphy Thomas J.
2 Aug 2021
President & CEO
Exercised, kept
8,196
$30.01
$245.96K
Murphy Thomas J.
2 Aug 2021
President & CEO
Exercised, kept
5,304
$29.89
$158.54K
Murphy Thomas J.
2 Aug 2021
President & CEO
Exercised, kept
2,575
$34.25
$88.19K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
257
$34.25
$8.80K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
530
$29.89
$15.84K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
819
$30.01
$24.58K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
845
$33.06
$27.94K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
581
$22.30
$12.96K
KRUCZLNICKI DAVID G
11 May 2021
Director
Exercised, kept
295
$21.85
$6.45K
Kaiser David D
10 May 2021
SVP
Exercised, kept
3,137
$20.26
$63.56K
Wise Andrew J
29 Apr 2021
SVP, Chief Operating Officer
Exercised, kept
700
$30.01
$21.01K
Wise Andrew J
29 Apr 2021
SVP, Chief Operating Officer
Exercised, kept
700
$29.89
$20.92K
DeMarco David S.
29 Apr 2021
SVP
Exercised, kept
5,797
$22.30
$129.27K
OWENS WILLIAM L
12 Feb 2021
Director
Exercised, kept
530
$29.89
$15.84K
OWENS WILLIAM L
12 Feb 2021
Director
Exercised, kept
744
$30.01
$22.33K
OWENS WILLIAM L
12 Feb 2021
Director
Exercised, kept
291
$22.30
$6.49K
DeMarco David S.
1 Dec 2020
SVP
Exercised, kept
1,412
$21.85
$30.85K
DeMarco David S.
18 Nov 2020
SVP
Exercised, kept
4,500
$21.85
$98.33K
Kaiser David D
4 Sep 2020
SVP
Exercised, kept
3,139
$20.29
$63.69K
REISMAN RICHARD J DMD
26 Aug 2020
Director
Exercised, kept
1,216
$20.87
$25.38K
REISMAN RICHARD J DMD
26 Aug 2020
Director
Exercised, kept
1,186
$20.29
$24.06K
Murphy Thomas J.
31 Jul 2020
President & CEO
Exercised, kept
2,813
$22.97
$64.61K
Clarke Michael B
9 Jun 2020
Director
Exercised, kept
1,126
$22.97
$25.86K
Clarke Michael B
9 Jun 2020
Director
Exercised, kept
862
$22.51
$19.40K
Clarke Michael B
9 Jun 2020
Director
Exercised, kept
585
$21.35
$12.49K
Clarke Michael B
9 Jun 2020
Director
Exercised, kept
300
$20.32
$6.10K
Read Colin L
27 Feb 2020
Director
Exercised, kept
257
$30.79
$7.91K
Read Colin L
27 Feb 2020
Director
Exercised, kept
530
$30.91
$16.38K
Read Colin L
27 Feb 2020
Director
Exercised, kept
1,126
$22.97
$25.86K
Read Colin L
27 Feb 2020
Director
Exercised, kept
1,148
$22.51
$25.84K
Read Colin L
27 Feb 2020
Director
Exercised, kept
1,170
$21.35
$24.98K
DAKE GARY C
8 Nov 2019
Director
Exercised, kept
844
$22.97
$19.39K
DAKE GARY C
8 Nov 2019
Director
Exercised, kept
862
$22.51
$19.40K
Kaiser David D
5 Nov 2019
SVP
Exercised, kept
3,230
$19.01
$61.40K
OWENS WILLIAM L
25 Oct 2019
Director
Exercised, kept
844
$22.97
$19.39K
Murphy Thomas J.
3 Sep 2019
President & CEO
Exercised, kept
2,732
$23.66
$64.64K
Murphy Thomas J.
3 Sep 2019
President & CEO
Exercised, kept
2,786
$23.19
$64.61K
REISMAN RICHARD J DMD
21 Aug 2019
Director
Exercised, kept
1,255
$19.58
$24.57K
DeMarco David S.
1 Aug 2019
SVP
Exercised, kept
5,685
$21.99
$125.01K
HOY THOMAS L
8 May 2019
Director
Exercised, kept
15,228
$20.90
$318.27K
HOY THOMAS L
19 Feb 2019
Director
Exercised, kept
15,686
$19.58
$307.13K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
257
$36.12
$9.28K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
530
$24.37
$12.92K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
812
$23.89
$19.40K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
1,103
$22.65
$24.98K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
1,126
$21.56
$24.28K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
1,147
$22.14
$25.39K
KRUCZLNICKI DAVID G
14 Sep 2018
Director
Exercised, kept
1,133
$21.53
$24.39K
REISMAN RICHARD J DMD
12 Sep 2018
Director
Exercised, kept
1,189
$18.00
$21.40K
DAKE GARY C
26 Jul 2018
Director
Exercised, kept
552
$22.65
$12.50K
DAKE GARY C
26 Jul 2018
Director
Exercised, kept
282
$21.56
$6.08K
Murphy Thomas J.
4 Jun 2018
President & CEO
Exercised, kept
2,653
$24.37
$64.65K
Murphy Thomas J.
4 Jun 2018
President & CEO
Exercised, kept
2,705
$23.89
$64.62K
Murphy Thomas J.
4 Jun 2018
President & CEO
Exercised, kept
2,759
$22.65
$62.49K
DeMarco David S.
22 May 2018
SVP
Exercised, kept
4,019
$22.14
$88.98K
HOY THOMAS L
10 May 2018
Director
Exercised, kept
15,686
$18.00
$282.35K
Kaiser David D
27 Apr 2018
SVP
Exercised, kept
3,138
$18.00
$56.48K
DeMarco David S.
27 Oct 2017
SVP
Exercised, kept
4,141
$21.53
$89.16K
Kaiser David D
26 Oct 2017
SVP
Exercised, kept
3,138
$17.30
$54.29K
KRUCZLNICKI DAVID G
7 Jun 2017
Director
Exercised, kept
1,183
$20.78
$24.58K
KRUCZLNICKI DAVID G
7 Jun 2017
Director
Exercised, kept
1,218
$18.54
$22.58K
HOY THOMAS L
27 Apr 2017
Director
Exercised, kept
7,981
$17.82
$142.22K
Murphy Thomas J.
14 Feb 2017
President & CEO
Exercised, kept
2,575
$25.10
$64.63K
Murphy Thomas J.
14 Feb 2017
President & CEO
Exercised, kept
2,626
$24.61
$64.63K
Murphy Thomas J.
14 Feb 2017
President & CEO
Exercised, kept
2,679
$23.33
$62.50K
DAKE GARY C
25 Nov 2016
Director
Exercised, kept
262
$24.61
$6.45K
DAKE GARY C
25 Nov 2016
Director
Exercised, kept
535
$23.33
$12.48K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
262
$24.61
$6.45K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
535
$23.33
$12.48K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
819
$22.21
$18.19K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
1,114
$22.80
$25.40K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
1,148
$22.18
$25.46K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
1,183
$20.78
$24.58K
Clarke Michael B
15 Nov 2016
Director
Exercised, kept
1,218
$18.54
$22.58K
Show all 234 transactions →

What was left out

Form 4 filings counted 641
Amendments (4/A) skipped 12
Filings about a different issuer 0
Unreadable filings 0
Joint filings 0
Sales on a Rule 10b5-1 plan 9
Sales straight out of an exercise 0
Sales at will 87
Transactions with no price 0
Shares from compensation/vesting 680,366
Sales filed before the plan box existed 84
History held since 16 Nov 2016