Form 4 Filing for O'Conor Raymond F

Raymond F. O'Conor, a director at ARROW FINANCIAL CORP, reported a disposition of 874 shares of Common Stock at $40.36 per share and an acquisition of 1126 shares of Common Stock at $31.34 per share on June 24, 2026. Additionally, O'Conor exercised a stock option for 1126 shares of Common Stock, with the option having an exercise price of $31.34. The options vested over four years. Following these transactions, O'Conor directly holds 30,902 shares of Common Stock.