Arrow Financial's three largest insider shareholders as of September 29, 2026 are Thomas L Hoy (Chairman Ceo, 609.17K shares), David S. Demarco (President Ceo, 95.83K shares), Thomas L Hoy (Director, 71.72K shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Thomas L Hoy | Chairman Ceo | 609,171 | 0 | 609,171 | 49.6% | 30 May, 2023 |
| 2 | David S. Demarco | President Ceo | 95,826 | 0 | 95,826 | 7.8% | 09 Sep, 2026 |
| 3 | Gary C Dake | Director | 64,635 | 0 | 64,635 | 5.3% | 09 Apr, 2025 |
| 4 | David G Kruczlnicki | Director | 60,847 | 0 | 60,847 | 5.0% | 24 Sep, 2026 |
| 5 | Michael B Clarke | Director | 0 | 43,429 | 43,429 | 3.5% | 30 Jun, 2022 |
| 6 | Elizabeth Miller | Director | 40,576 | 0 | 40,576 | 3.3% | 20 Mar, 2026 |
| 7 | Colin L Read | Director | 33,777 | 0 | 33,777 | 2.8% | 24 Sep, 2026 |
| 8 | Raymond F O'Conor | Svp | 31,148 | 0 | 31,148 | 2.5% | 24 Sep, 2026 |
| 9 | Penko Krassimir Ivanov | Sevp, Treasurer And Cfo | 31,045 | 0 | 31,045 | 2.5% | 02 Feb, 2026 |
| 10 | Tenee R Casaccio | Director | 29,169 | 0 | 29,169 | 2.4% | 24 Sep, 2026 |
| 11 | David D Kaiser | Cco Sevp | 26,150 | 0 | 26,150 | 2.1% | 03 Feb, 2025 |
| 12 | Andrew J Wise | Sevp, Chief Risk Officer | 25,818 | 0 | 25,818 | 2.1% | 02 Feb, 2026 |
| 13 | James M Dawsey | Director | 21,137 | 0 | 21,137 | 1.7% | 24 Sep, 2026 |
| 14 | William L Owens | Director | 16,493 | 0 | 16,493 | 1.3% | 30 May, 2024 |
| 15 | Rocco F Sr. Arcuri | Director | 16,066 | 0 | 16,066 | 1.3% | 24 Sep, 2026 |
| 16 | Marc Yrsha | Sevp, Chief Banking Officer | 14,132 | 0 | 14,132 | 1.2% | 02 Feb, 2026 |
| 17 | Michael Joseph Jacobs | Evp, Chief Information Officer | 12,571 | 0 | 12,571 | 1.0% | 02 Feb, 2026 |
| 18 | Gregory J Champion | Director | 12,505 | 0 | 12,505 | 1.0% | 24 Sep, 2026 |
| 19 | Mark Behan | Director | 11,112 | 0 | 11,112 | 0.9% | 24 Sep, 2026 |
| 20 | Philip C Morris | Director | 9,006 | 0 | 9,006 | 0.7% | 24 Sep, 2026 |
| 21 | Daniel James White | Director | 8,478 | 0 | 8,478 | 0.7% | 24 Sep, 2026 |
| 22 | Brooke M Pancoe | Evp, Chief Hr Officer | 7,145 | 0 | 7,145 | 0.6% | 02 Feb, 2026 |
| 23 | Kristine D Duffy | Director | 6,624 | 0 | 6,624 | 0.5% | 24 Sep, 2026 |
| 24 | Darrin Jahnel | Director | 1,124 | 0 | 1,124 | 0.1% | 24 Sep, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 23 Sep, 2026 | James M Dawsey | Director | Acquired J | 389 | $36.97 | $14.38K | 21,137 | Direct |
| 23 Sep, 2026 | Gregory J Champion | Director | Acquired J | 423 | $36.97 | $15.64K | 12,505 | Direct |
| 23 Sep, 2026 | Colin L Read | Director | Acquired J | 194 | $36.97 | $7.17K | 33,777 | Direct |
| 23 Sep, 2026 | Tenee R Casaccio | Director | Acquired J | 304 | $36.97 | $11.24K | 29,169 | Direct |
| 23 Sep, 2026 | Kristine D Duffy | Director | Acquired J | 203 | $36.97 | $7.50K | 6,624 | Direct |
| 03 Sep, 2026 | Raymond F O'Conor | Director | Disposed G | 140 | $0.00 | $0 | 30,945 | Direct |
| 23 Sep, 2026 | Rocco F Sr. Arcuri | Director | Acquired J | 186 | $36.97 | $6.88K | 16,066 | Direct |
| 23 Sep, 2026 | Mark Behan | Director | Acquired J | 211 | $36.97 | $7.80K | 11,112 | Direct |
| 23 Sep, 2026 | Daniel James White | Director | Acquired J | 228 | $36.97 | $8.43K | 8,478 | Direct |
| 23 Sep, 2026 | Darrin Jahnel | Director | Acquired J | 298 | $36.97 | $11.02K | 1,124 | Direct |
| 23 Sep, 2026 | Philip C Morris | Director | Acquired J | 203 | $36.97 | $7.50K | 9,006 | Direct |
| 23 Sep, 2026 | David G Kruczlnicki | Director | Acquired J | 228 | $36.97 | $8.43K | 60,847 | Direct |
| 23 Sep, 2026 | Raymond F O'Conor | Director | Acquired J | 203 | $36.97 | $7.50K | 31,148 | Direct |
| 04 Sep, 2026 | David S. Demarco | President Ceo | Acquired M | 1,771 | $30.26 | $53.59K | 97,301 | Direct |
| 04 Sep, 2026 | David S. Demarco | President Ceo | Disposed F | 1,504 | $39.57 | $59.51K | 95,826 | Direct |
| 04 Sep, 2026 | David S. Demarco | President Ceo | Disposed M | 1,771 | $0.00 | $0 | 0 | Direct |
| 28 Aug, 2026 | David S. Demarco | President Ceo | Acquired M | 4,379 | $30.26 | $132.51K | 99,238 | Direct |
| 28 Aug, 2026 | David S. Demarco | President Ceo | Disposed F | 3,752 | $38.16 | $143.18K | 95,530 | Direct |
| 28 Aug, 2026 | David S. Demarco | President Ceo | Disposed M | 4,379 | $0.00 | $0 | 0 | Direct |
| 17 Aug, 2026 | David S. Demarco | President Ceo | Acquired M | 3,346 | $27.04 | $90.48K | 97,455 | Direct |