Data spanning the past 90 days through December 31, 2025 reveals that Arrow Financial's three principal insider shareholders consist of Director Gary C Dake (64.64K shares), Director David G Kruczlnicki (59.32K shares), President & Ceo David S. Demarco (51.89K shares).
| Holder | Position | Shares | Report Date |
|---|---|---|---|
| Thomas L Hoy | 219,465 | 30 May, 2023 | |
| Gary C Dake | 64,635 | 10 Apr, 2025 | |
| David G Kruczlnicki | 59,316 | 22 Dec, 2025 | |
| Thomas J. Murphy | President & Ceo | 70,352 | 03 Aug, 2021 |
| David S. Demarco | President & Ceo | 51,892 | 03 Feb, 2025 |
| Elizabeth Miller | 45,412 | 10 Oct, 2025 | |
| David D Kaiser | Cco & Sevp | 31,882 | 03 Feb, 2025 |
| Colin L Read | 30,476 | 10 Oct, 2025 | |
| Raymond F O'Conor | 29,851 | 23 Dec, 2025 | |
| Tenee R Casaccio | 26,542 | 10 Oct, 2025 | |
| Penko Krassimir Ivanov | Sevp And Treasurer And Cfo | 26,394 | 05 Nov, 2025 |
| Andrew J Wise | Sevp And Chief Risk Officer | 21,725 | 12 Dec, 2025 |
| Richard J Dmd Reisman | 22,262 | 15 Apr, 2021 | |
| James M Dawsey | 18,474 | 10 Oct, 2025 | |
| William L Owens | 16,493 | 30 May, 2024 | |
| Michael B Clarke | 15,296 | 30 Jun, 2022 | |
| Mark Behan | 11,796 | 10 Oct, 2025 | |
| Gregory J Champion | 10,041 | 10 Oct, 2025 | |
| Michael Joseph Jacobs | Evp And Chief Information Officer | 7,421 | 03 Feb, 2025 |
| Marc Yrsha | Sevp And Chief Banking Officer | 7,416 | 03 Feb, 2025 |
| Daniel James White | 6,890 | 12 Nov, 2025 | |
| Philip C Morris | 6,311 | 12 Dec, 2025 | |
| Kristine D Duffy | 6,129 | 10 Oct, 2025 | |
| Brooke M Pancoe | Evp And Chief Hr Officer | 2,964 | 03 Feb, 2025 |
* Please note that the shares above only reflect shares from the fund portfolio and the institutional portfolio. Shares from the personal portfolio are excluded from this Institutional Ownership Page. See these insiders' latest transactions here on Insider Page.
| Transaction Date | Insider Name | Security Class | Transaction Type | Shares Traded | Price | Shares Remaining | Ownership | Code |
|---|---|---|---|---|---|---|---|---|
| 24 Dec, 2025 | David S. Demarco | Common Stock | A | 3,035 | $31.78 | 3,035 | I | P |
| 19 Dec, 2025 | David G Kruczlnicki | Common Stock | A | 1,093 | $27.04 | 60,241 | D | M |
| 19 Dec, 2025 | Raymond F O'Conor | Common Stock | A | 1,093 | $27.04 | 30,776 | D | M |
| 19 Dec, 2025 | David G Kruczlnicki | Common Stock | D | 925 | $31.93 | 59,316 | D | F |
| 19 Dec, 2025 | Raymond F O'Conor | Common Stock | D | 925 | $31.93 | 29,851 | D | F |
| 17 Dec, 2025 | Raymond F O'Conor | Common Stock | D | 150 | $0.00 | 29,683 | D | G |
| 11 Dec, 2025 | Philip C Morris | Common Stock | A | 31 | $31.97 | 6,311 | D | J |
| 10 Dec, 2025 | Andrew J Wise | Common Stock | A | 3,483 | $27.04 | 23,968 | D | M |
| 10 Dec, 2025 | Andrew J Wise | Common Stock | D | 2,976 | $31.64 | 21,725 | D | F |
| 11 Nov, 2025 | Philip C Morris | Common Stock | A | 32 | $30.98 | 6,227 | D | J |
| 10 Nov, 2025 | Daniel James White | Common Stock | A | 1,644 | $30.14 | 6,890 | D | P |
| 04 Nov, 2025 | Penko Krassimir Ivanov | Common Stock | A | 1,617 | $29.82 | 26,391 | D | P |
| 04 Nov, 2025 | Penko Krassimir Ivanov | Common Stock | A | 3 | $29.67 | 26,394 | D | P |
| 13 Oct, 2025 | Philip C Morris | Common Stock | A | 38 | $26.55 | 6,195 | D | J |
| 08 Oct, 2025 | James M Dawsey | Common Stock | A | 542 | $27.31 | 18,474 | D | J |
| 08 Oct, 2025 | Mark Behan | Common Stock | A | 286 | $27.31 | 11,796 | D | J |
| 08 Oct, 2025 | Daniel James White | Common Stock | A | 339 | $27.31 | 5,246 | D | J |
| 08 Oct, 2025 | Colin L Read | Common Stock | A | 233 | $27.31 | 29,332 | D | J |
| 08 Oct, 2025 | Raymond F O'Conor | Common Stock | A | 290 | $27.31 | 29,833 | D | J |
| 08 Oct, 2025 | Tenee R Casaccio | Common Stock | A | 412 | $27.31 | 26,542 | D | J |