Arrow Financial Corporation
Ownership
Ownership Structure
Who owns Arrow Financial Corporation (AROW)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 87.4% of the shares are freely tradable; institutional investors hold 56.9%.
Largest Shareholders
Institutions
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| ARROW FINANCIAL CORP(Junk) | 10.04 | 1,859,963 | -1.0 | 06/30/2026 |
| BlackRock Inc | 6.75 | 1,251,257 | +0.0 | 03/31/2026 |
| Dimensional Fund Advisors, Inc. | 3.92 | 725,492 | -0.7 | 06/30/2026 |
| Vanguard Capital Management, LLC | 3.44 | 637,527 | +0.0 | 03/31/2026 |
| American Century Companies Inc | 2.34 | 432,990 | +26.1 | 06/30/2026 |
| Geode Capital Management, LLC | 2.00 | 370,791 | +1.9 | 03/31/2026 |
| State Street Corp | 1.83 | 338,155 | -8.4 | 03/31/2026 |
Funds
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| iShares Russell 2000 ETF | 2.48 | 459,401 | -0.6 | 08/31/2026 |
| Vanguard MStar Total Stk Mkt Idx Invest | 2.40 | 444,987 | +0.0 | 07/31/2026 |
| Avantis US Small Cap Value ETF | 2.22 | 411,097 | +0.1 | 08/31/2026 |
Largest reported positions according to regulatory filings; stake as a percentage of shares outstanding, change versus the previous filing. Source: fundamentals data.
Insider holdings
| Person | Role | Shares | Value | As of | Type |
|---|---|---|---|---|---|
| DeMarco David S. | President & CEO | 95,826 | 3,631,805 $ | Sep 4, 2026 | direct |
| O'Conor Raymond F | Director | 31,085 | 1,178,122 $ | Aug 4, 2026 | direct |
| Behan Mark | Director | 10,851 | 411,253 $ | Aug 17, 2026 | direct |
Holdings as of each person's most recent SEC Form 4 filing — excluding options and RSUs, which are not shares yet. Holdings may have changed between two filings.
Insiders
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 4, 2026 | DeMarco David S. | President & CEO | Other | 1,504 | 39.57 | 59,513 |
| Sep 4, 2026 | DeMarco David S. | President & CEO | Other | 1,771 | 30.26 | 53,590 |
| Aug 28, 2026 | DeMarco David S. | President & CEO | Other | 3,752 | 38.16 | 143,176 |
| Aug 28, 2026 | DeMarco David S. | President & CEO | Other | 4,379 | 30.26 | 132,509 |
| Aug 17, 2026 | Behan Mark | Director | Other | 760 | 38.86 | 29,534 |
| Aug 17, 2026 | Behan Mark | Director | Other | 1,093 | 27.04 | 29,555 |
| Aug 17, 2026 | DeMarco David S. | President & CEO | Other | 2,596 | 39.25 | 101,893 |
| Aug 17, 2026 | DeMarco David S. | President & CEO | Other | 3,346 | 27.04 | 90,476 |
| Aug 12, 2026 | Behan Mark | Director | Other | 901 | 39.13 | 35,256 |
| Aug 12, 2026 | Behan Mark | Director | Other | 1,126 | 31.34 | 35,289 |
| Aug 6, 2026 | Behan Mark | Director | Other | 608 | 39.97 | 24,302 |
| Aug 6, 2026 | Behan Mark | Director | Other | 773 | 31.47 | 24,326 |
| Aug 4, 2026 | Behan Mark | Director | Other | 777 | 40.79 | 31,694 |
| Aug 4, 2026 | Behan Mark | Director | Other | 1,160 | 27.35 | 31,726 |
| Aug 4, 2026 | Behan Mark | Director | Other | 804 | 40.79 | 32,795 |
| Aug 4, 2026 | Behan Mark | Director | Other | 1,195 | 27.47 | 32,827 |
| Aug 4, 2026 | O'Conor Raymond F | Director | Other | 878 | 40.79 | 35,814 |
| Aug 4, 2026 | O'Conor Raymond F | Director | Other | 1,061 | 33.78 | 35,841 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character. View all insider transactions →
Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.