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Raymond (NSE:RYMD) F. O’Conor, a director at Arrow Financial Corp (NASDAQ:AROW), sold 2,000 shares of the company’s common stock on May 1, 2025. The shares were sold at a price of $23.78 each, amounting to a total transaction value of $47,560. The transaction occurred with Arrow Financial trading at $24.42, approximately 30% below its 52-week high of $34.63. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. Following this sale, O’Conor holds 29,293 shares in the company. The transaction was conducted under a pre-established 10B5-1 trading plan, which O’Conor set up on May 14, 2024. The $407 million market cap company maintains strong dividend credentials, with InvestingPro data showing 32 consecutive years of dividend raises and a current yield of 4.6%. Additional InvestingPro Tips reveal more insights about Arrow Financial’s growth potential and financial health.
In other recent news, Arrow Financial Corporation has announced several key developments affecting its leadership team. The company disclosed the retirement of its Chief Credit Officer, David D. Kaiser, effective June 30, 2025, after a 24-year tenure. Kaiser’s responsibilities will be distributed among experienced executives to maintain the company’s credit standards. Additionally, Arrow Financial revealed the retirement of Board member Gary L. Dake, effective at the 2025 Annual Meeting, marking the end of his 23-year service. The company has renewed employment agreements for several top executives, including President and CEO David S. DeMarco, whose contract includes an annual base salary of $718,850 and a 50% cash incentive target. New two-year contracts have also been established for other senior executives with base salaries ranging from $375,950 to $422,300. These agreements include standard executive provisions and will automatically renew annually unless a non-renewal notice is issued. Arrow Financial’s leadership changes are part of its efforts to maintain a strong governance structure and strategic continuity.
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