Arrow Financial Management
Management criteria checks 2/4
Arrow Financial's CEO is Dave DeMarco, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is $943.53K, comprised of 53.2% salary and 46.8% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth €1.24M. The average tenure of the management team and the board of directors is 0.8 years and 7.8 years respectively.
Key information
Dave DeMarco
Chief executive officer
US$943.5k
Total compensation
| CEO salary percentage | 53.2% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | less than a year |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$33m |
| Jun 30 2024 | n/a | n/a | US$32m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$944k | US$502k | US$30m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | n/a | n/a | US$39m |
| Mar 31 2023 | n/a | n/a | US$45m |
| Dec 31 2022 | US$742k | US$395k | US$49m |
| Sep 30 2022 | n/a | n/a | US$47m |
| Jun 30 2022 | n/a | n/a | US$48m |
| Mar 31 2022 | n/a | n/a | US$49m |
| Dec 31 2021 | US$664k | US$365k | US$50m |
| Sep 30 2021 | n/a | n/a | US$52m |
| Jun 30 2021 | n/a | n/a | US$50m |
| Mar 31 2021 | n/a | n/a | US$46m |
| Dec 31 2020 | US$595k | US$340k | US$41m |
| Sep 30 2020 | n/a | n/a | US$38m |
| Jun 30 2020 | n/a | n/a | US$37m |
| Mar 31 2020 | n/a | n/a | US$37m |
| Dec 31 2019 | US$533k | US$325k | US$37m |
| Sep 30 2019 | n/a | n/a | US$36m |
| Jun 30 2019 | n/a | n/a | US$36m |
| Mar 31 2019 | n/a | n/a | US$36m |
| Dec 31 2018 | US$524k | US$290k | US$36m |
| Sep 30 2018 | n/a | n/a | US$36m |
| Jun 30 2018 | n/a | n/a | US$34m |
| Mar 31 2018 | n/a | n/a | US$31m |
| Dec 31 2017 | US$476k | US$265k | US$29m |
Compensation vs Market: Dave's total compensation ($USD943.53K) is about average for companies of similar size in the German market ($USD1.03M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Dave DeMarco (62 yo)
1.5yrs
Tenure
US$943,532
Compensation
Mr. David S. DeMarco, also known as Dave, serves as Director at Arrow Financial Corporation since July 26, 2023. He serves as President and Chief Executive Officer at Arrow Financial Corporation since May...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.5yrs | US$943.53k | 0.24% € 1.2m | |
| Senior EVP | 1.8yrs | US$469.33k | 0.011% € 58.0k | |
| Senior EVP & Chief Credit Officer | no data | US$624.64k | 0.17% € 894.5k | |
| Senior Executive VP | no data | US$570.48k | 0.086% € 451.3k | |
| Executive VP & Chief Information Officer | less than a year | no data | 0.034% € 178.9k | |
| Senior EVP & Chief Human Resources Officer | less than a year | no data | 0.0081% € 42.6k | |
| Senior VP and Director of Marketing & Communications of Glen Falls | less than a year | no data | no data | |
| Senior EVP & Chief Banking Officer | less than a year | no data | 0.026% € 135.2k |
0.8yrs
Average Tenure
55yo
Average Age
Experienced Management: BQE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.3yrs | US$943.53k | 0.24% € 1.2m | |
| Chairman Emeritus | 20.6yrs | US$20.10k | no data | |
| Director Emeritus | no data | US$10.39k | no data | |
| Independent Director | 35.8yrs | US$89.18k | 0.34% € 1.8m | |
| Independent Director | 21.8yrs | US$86.52k | 0.37% € 1.9m | |
| Independent Director | 7.8yrs | US$79.02k | 0.056% € 292.7k | |
| Independent Director | 3.5yrs | US$80.52k | 0.046% € 238.9k | |
| Independent Director | 7.8yrs | US$84.02k | 0.24% € 1.2m | |
| Independent Director | 11.5yrs | US$86.52k | 0.18% € 945.6k | |
| Chair | 10.8yrs | US$84.02k | 0.14% € 720.1k | |
| Independent Director | 7.8yrs | US$80.52k | 0.25% € 1.3m | |
| Director | no data | no data | no data |
7.8yrs
Average Tenure
68yo
Average Age
Experienced Board: BQE's board of directors are considered experienced (7.8 years average tenure).