Arrow Financial Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:AROW Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
07 Feb 24	BuyUS$47,460	Gary Dake	Individual	2,000	US$23.73
06 Feb 24	BuyUS$23,570	Andrew Wise	Individual	1,000	US$23.57
28 Nov 23	BuyUS$24,760	Andrew Wise	Individual	1,000	US$24.76
22 Nov 23	BuyUS$24,490	Andrew Wise	Individual	1,000	US$24.49
03 Nov 23	BuyUS$67,781	Colin Read	Individual	3,020	US$22.84
03 Nov 23	BuyUS$24,994	David Kaiser	Individual	1,075	US$23.25
01 Nov 23	BuyUS$15,102	William Owens	Individual	710	US$21.27
01 Nov 23	BuyUS$80,700	Elizabeth Miller	Individual	3,750	US$21.52
30 Oct 23	BuyUS$314,925	Colin Read	Individual	15,000	US$21.33
27 Oct 23	BuyUS$9,977	Mark Behan	Individual	479	US$20.83
27 Oct 23	BuyUS$98,784	Gary Dake	Individual	4,800	US$20.58
11 Oct 23	BuyUS$12,632	William Owens	Individual	701	US$18.02
11 Oct 23	BuyUS$8,884	Mark Behan	Individual	493	US$18.02

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AROW?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	433,765	2.6%
Private Companies	1,731,779	10.4%
Institutions	6,064,703	36.3%
General Public	8,462,182	50.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 42.56% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.3%	Glens Falls National Bank and Trust Company	1,726,525	US$41.3m	1.11%	no data
7.52%	BlackRock, Inc.	1,254,712	US$30.0m	0.57%	no data
4.7%	The Vanguard Group, Inc.	784,638	US$18.8m	-4.71%	no data
3.8%	Dimensional Fund Advisors LP	633,877	US$15.2m	-1.54%	no data
2.24%	State Street Global Advisors, Inc.	374,346	US$9.0m	-14.3%	no data
2.04%	Geode Capital Management, LLC	339,763	US$8.1m	4.32%	no data
1.57%	Renaissance Technologies LLC	262,221	US$6.3m	-2.38%	0.01%
1.11%	American Century Investment Management Inc	185,103	US$4.4m	22.7%	no data
0.98%	Eaton Vance Management	163,591	US$3.9m	0%	no data
0.89%	Northern Trust Global Investments	147,921	US$3.5m	-4.34%	no data
0.81%	Franklin Resources, Inc.	134,495	US$3.2m	7.25%	no data
0.78%	Voya Investment Management LLC	129,971	US$3.1m	-13.4%	no data
0.77%	Charles Schwab Investment Management, Inc.	128,918	US$3.1m	0%	no data
0.69%	BNY Mellon Asset Management	115,497	US$2.8m	-2.17%	no data
0.69%	Rockefeller & Co. LLC	115,372	US$2.8m	0.4%	0.01%
0.52%	Zacks Investment Management, Inc.	87,364	US$2.1m	0%	0.02%
0.41%	Thomas Murphy	69,205	US$1.7m	0%	no data
0.41%	UBS Asset Management AG	68,731	US$1.6m	10.2%	no data
0.35%	Gary Dake	58,221	US$1.4m	8.89%	no data
0.35%	Johnson Investment Counsel, Inc.	57,702	US$1.4m	-6.68%	0.02%
0.35%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	57,666	US$1.4m	19.7%	no data
0.33%	David Kruczlnicki	55,824	US$1.3m	1.51%	no data
0.31%	Morgan Stanley, Investment Banking and Brokerage Investments	52,548	US$1.3m	75.8%	no data
0.3%	Raymond O'Conor	50,419	US$1.2m	1.34%	no data
0.3%	Bridgeway Capital Management, LLC	49,678	US$1.2m	9.29%	0.02%