How are energy investors positioned?
Raymond (NSE:RYMD) F. O’Conor, a director at Arrow Financial Corp (NASDAQ:AROW), a $440 million market cap financial institution known for its 32-year streak of consecutive dividend increases, sold 2,000 shares of the company’s common stock on April 1, 2025. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimate. The shares were sold at an average price of $25.94 each, amounting to a total transaction value of $51,880. Following this sale, O’Conor holds 31,022 shares of Arrow Financial. This transaction was conducted as part of a pre-established 10B5-1 plan, which was set up in accordance with Rule 10B5-1 of the Securities Exchange Act of 1934. The stock currently trades at a P/E ratio of 14.9x, with analysts maintaining a $30 price target. For deeper insights into insider trading patterns and additional financial metrics, consider exploring InvestingPro, which offers 6 more key tips about Arrow Financial’s performance.
In other recent news, Arrow Financial Corporation has announced notable updates to its executive team and board of directors. The company revealed in an 8-K filing that Gary L. Dake will retire from the board after serving for 23 years, with his retirement effective at the 2025 Annual Meeting. Additionally, the company has renewed employment agreements for several top executives. President and CEO David S. DeMarco’s contract has been extended for three years, effective February 1, 2025, with an annual base salary of $718,850 and a 50% cash incentive target. This agreement will automatically renew each year unless a non-renewal notice is provided by either party.
Further, new two-year agreements have been established for Senior Executive Vice Presidents David D. Kaiser, Penko K. Ivanov, Andrew J. Wise (LON:WISEa), and Marc J. Yrsha. Their contracts include base salaries ranging from $375,950 to $422,300, along with a 40% cash incentive target. These contracts, which replace their 2024 agreements, also feature standard executive provisions such as benefits, change of control, and non-compete clauses. Arrow Financial’s focus on executive compensation and leadership transitions reflects its commitment to maintaining a robust governance structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.