AROW - Arrow Financial Corp

Insider Purchase by Demarco David S. (Pres, CEO)

3 Months
After Trade
Before Trade

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Trade Summary

2 months ago, Demarco David S., serving as Pres, CEO at Arrow Financial Corp (AROW), purchased 3,035 shares at $31.78 per share, for a total transaction value of $96,452.00. Following this transaction, Demarco David S. now holds 59,206 shares of AROW.

This purchase represents a 5.00% increase in Demarco David S.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, December 24, 2025 and publicly disclosed via SEC Form 4 filing on Tuesday, December 30, 2025, 6 days after the trade was made.

Arrow Financial Corp operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Demarco David S.

Demarco David S.

Pres, CEO

David S. DeMarco is President, Chief Executive Officer, and a Director of Arrow Financial Corporation (NASDAQ: AROW), a multi-bank holding company headquartered in Glens Falls, New York, serving northeastern New York through subsidiaries including Glens Falls National Bank and Saratoga National Bank and Trust Company.[[1]](https://www.saratoga.com/saratogabusinessjournal/2023/06/david-s-demarco-is-named-the-new-ceo-and-president-at-arrow-financial-corp/)[[2]](https://www.arrowfinancial.com/News-Highlights/News/News-Release/thomas-j-murphy-terminates-employment-as-arrow-financial-corporation-president-and-ceo-and-as-a-director-of-arrow-financial-corporation-david-s-demarco-appointed-president-and-ceo)[[3]](https://fintool.com/app/research/companies/AROW/people/david-demarco) Appointed to these roles effective May 13, 2023, following Thomas J. Murphy's departure, DeMarco, age 63, continues as President and CEO of Saratoga National Bank, a position he has held since 2012.[[1]](https://www.saratoga.com/saratogabusinessjournal/2023/06/david-s-demarco-is-named-the-new-ceo-and-president-at-arrow-financial-corp/)[[2]](https://www.arrowfinancial.com/News-Highlights/News/News-Release/thomas-j-murphy-terminates-employment-as-arrow-financial-corporation-president-and-ceo-and-as-a-director-of-arrow-financial-corporation-david-s-demarco-appointed-president-and-ceo)[[3]](https://fintool.com/app/research/companies/AROW/people/david-demarco)[[4]](https://boards.industrial-linguistics.com/directors/david+s.+demarco.html) DeMarco joined Arrow Financial in 1987 as a commercial lender, advancing through roles of increasing responsibility, including Senior Executive Vice President and Chief Banking Officer.[[1]](https://www.saratoga.com/saratogabusinessjournal/2023/06/david-s-demarco-is-named-the-new-ceo-and-president-at-arrow-financial-corp/)[[2]](https://www.arrowfinancial.com/News-Highlights/News/News-Release/thomas-j-murphy-terminates-employment-as-arrow-financial-corporation-president-and-ceo-and-as-a-director-of-arrow-financial-corporation-david-s-demarco-appointed-president-and-ceo)[[3]](https://fintool.com/app/research/companies/AROW/people/david-demarco) He holds a BBA in Finance from the University of Texas at Austin and is a graduate of the Stonier Graduate School of Banking and the Adirondack Regional Chamber Leadership Program.[[3]](https://fintool.com/app/research/companies/AROW/people/david-demarco) Under his leadership, Arrow reported 2024 net income of $29.7 million and has unified its subsidiary banks under the Arrow Bank brand; he recently purchased 3,035 shares of AROW stock on December 24, 2025.[[3]](https://fintool.com/app/research/companies/AROW/people/david-demarco)[[6]](https://www.investing.com/news/insider-trading-news/arrow-financial-president-buys-96k-in-arow-stock-93CH-4425682)

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Trade Price

$31.78

Quantity

3,035

Total Value

$96,452.00

Shares Owned

59,206

Trade Date

Wednesday, December 24, 2025

60 days ago

SEC Filing Date

Tuesday, December 30, 2025

Filed 6 days after trade

FINANCIAL SERVICESBANKS - REGIONAL

About Arrow Financial Corp

Company Overview

No company information available
View news mentioning AROW

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