ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

DIMENSIONAL FUND ADVISORS LP's Holding History (CIK: 0000354204)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 728,534 Value ($000) $22,876 Avg Close $29.20 Range $25.42 - $33.28

Q3 2025

Shares 740,453 Value ($000) $20,955 Avg Close $27.49 Range $25.11 - $29.68

Q2 2025

Shares 746,581 Value ($000) $19,725 Avg Close $24.62 Range $21.85 - $26.37

Q1 2025

Shares 743,370 Value ($000) $19,543 Avg Close $25.60 Range $23.93 - $28.43

Q4 2024

Shares 736,569 Value ($000) $21,147 Avg Close $28.95 Range $25.59 - $32.96

Q3 2024

Shares 723,771 Value ($000) $20,743 Avg Close $27.03 Range $23.49 - $30.72

Q2 2024

Shares 700,253 Value ($000) $18,241 Avg Close $22.26 Range $19.84 - $24.40

Q1 2024

Shares 668,985 Value ($000) $16,738 Avg Close $23.02 Range $21.09 - $26.12

Q4 2023

Shares 633,877 Value ($000) $17,711 Avg Close $21.14 Range $15.08 - $27.07

Q3 2023

Shares 643,799 Value ($000) $10,958 Avg Close $16.88 Range $15.01 - $19.79

Q2 2023

Shares 693,681 Value ($000) $13,971 Avg Close $18.57 Range $15.46 - $21.83

Q1 2023

Shares 729,386 Value ($000) $18,169 Avg Close $26.39 Range $21.27 - $29.95

Q4 2022

Shares 710,442 Value ($000) $24 Avg Close $28.76 Range $24.56 - $31.46

Q3 2022

Shares 707,348 Value ($000) $20,387 Avg Close $27.32 Range $24.71 - $29.83

Q2 2022

Shares 677,738 Value ($000) $21,558 Avg Close $26.31 Range $25.10 - $28.01

Q1 2022

Shares 672,828 Value ($000) $21,813 Avg Close $28.46 Range $26.44 - $30.20

Q4 2021

Shares 677,674 Value ($000) $23,874 Avg Close $29.07 Range $27.56 - $30.99

Q3 2021

Shares 681,395 Value ($000) $23,413 Avg Close $28.79 Range $26.52 - $30.36

Q2 2021

Shares 664,651 Value ($000) $23,894 Avg Close $28.72 Range $26.55 - $30.57

Q1 2021

Shares 680,470 Value ($000) $22,667 Avg Close $25.56 Range $22.71 - $29.15

Q4 2020

Shares 698,370 Value ($000) $20,888 Avg Close $22.88 Range $19.26 - $25.36

Q3 2020

Shares 706,643 Value ($000) $17,729 Avg Close $21.71 Range $19.31 - $23.36

Q2 2020

Shares 686,849 Value ($000) $20,419 Avg Close $21.32 Range $18.18 - $24.66

Q1 2020

Shares 693,861 Value ($000) $19,337 Avg Close $25.32 Range $16.04 - $29.11

Q4 2019

Shares 695,481 Value ($000) $26,289 Avg Close $26.96 Range $24.33 - $29.31

Q3 2019

Shares 703,221 Value ($000) $23,481 Avg Close $24.53 Range $22.80 - $26.82

Q2 2019

Shares 679,724 Value ($000) $23,606 Avg Close $24.37 Range $23.21 - $25.57

Q1 2019

Shares 673,969 Value ($000) $22,167 Avg Close $24.34 Range $21.94 - $26.11

Q4 2018

Shares 657,952 Value ($000) $21,068 Avg Close $24.66 Range $21.93 - $26.85

Q3 2018

Shares 649,877 Value ($000) $24,045 Avg Close $26.79 Range $25.00 - $27.68

Q2 2018

Shares 620,378 Value ($000) $22,582 Avg Close $24.88 Range $22.50 - $26.27

Q1 2018

Shares 593,721 Value ($000) $20,157 Avg Close $22.92 Range $20.95 - $24.18

Q4 2017

Shares 567,506 Value ($000) $19,267 Avg Close $23.87 Range $22.63 - $26.07

Q3 2017

Shares 542,323 Value ($000) $18,629 Avg Close $21.16 Range $19.97 - $23.64

Q2 2017

Shares 494,114 Value ($000) $15,639 Avg Close $21.41 Range $20.20 - $23.24

Q1 2017

Shares 467,365 Value ($000) $15,845 Avg Close $22.95 Range $21.15 - $26.25

Q4 2016

Shares 434,101 Value ($000) $17,581 Avg Close $23.03 Range $19.47 - $26.73

Q3 2016

Shares 413,085 Value ($000) $13,561 Avg Close $20.22 Range $18.63 - $21.71

Q2 2016

Shares 392,190 Value ($000) $11,879 Avg Close $17.85 Range $16.24 - $19.22

Q1 2016

Shares 382,015 Value ($000) $10,150 Avg Close $16.47 Range $15.23 - $17.09

Q4 2015

Shares 371,866 Value ($000) $10,104 Avg Close $17.17 Range $15.88 - $18.15

Q3 2015

Shares 363,820 Value ($000) $9,714 Avg Close $16.41 Range $15.89 - $17.07

Q2 2015

Shares 352,644 Value ($000) $9,532 Avg Close $15.75 Range $14.97 - $16.58

Q1 2015

Shares 346,154 Value ($000) $9,398 Avg Close $15.65 Range $14.99 - $16.24

Q4 2014

Shares 341,781 Value ($000) $9,396 Avg Close $15.39 Range $14.58 - $16.22

Q3 2014

Shares 342,343 Value ($000) $8,583 Avg Close $14.75 Range $14.28 - $15.29

Q2 2014

Shares 337,424 Value ($000) $8,753 Avg Close $14.44 Range $13.86 - $15.08

Q1 2014

Shares 336,824 Value ($000) $8,906 Avg Close $14.37 Range $13.56 - $15.35

Q4 2013

Shares 336,574 Value ($000) $8,939 Avg Close $14.45 Range $13.66 - $15.39

Q3 2013

Shares 337,606 Value ($000) $8,612 Avg Close $13.97 Range $13.17 - $14.78

Q2 2013

Shares 335,176 Value ($000) $8,296 Avg Close $12.96 Range $12.34 - $13.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	728,534	$22,876	$29.20	$25.42 - $33.28
Q3 2025	740,453	$20,955	$27.49	$25.11 - $29.68
Q2 2025	746,581	$19,725	$24.62	$21.85 - $26.37
Q1 2025	743,370	$19,543	$25.60	$23.93 - $28.43
Q4 2024	736,569	$21,147	$28.95	$25.59 - $32.96
Q3 2024	723,771	$20,743	$27.03	$23.49 - $30.72
Q2 2024	700,253	$18,241	$22.26	$19.84 - $24.40
Q1 2024	668,985	$16,738	$23.02	$21.09 - $26.12
Q4 2023	633,877	$17,711	$21.14	$15.08 - $27.07
Q3 2023	643,799	$10,958	$16.88	$15.01 - $19.79
Q2 2023	693,681	$13,971	$18.57	$15.46 - $21.83
Q1 2023	729,386	$18,169	$26.39	$21.27 - $29.95
Q4 2022	710,442	$24	$28.76	$24.56 - $31.46
Q3 2022	707,348	$20,387	$27.32	$24.71 - $29.83
Q2 2022	677,738	$21,558	$26.31	$25.10 - $28.01
Q1 2022	672,828	$21,813	$28.46	$26.44 - $30.20
Q4 2021	677,674	$23,874	$29.07	$27.56 - $30.99
Q3 2021	681,395	$23,413	$28.79	$26.52 - $30.36
Q2 2021	664,651	$23,894	$28.72	$26.55 - $30.57
Q1 2021	680,470	$22,667	$25.56	$22.71 - $29.15
Q4 2020	698,370	$20,888	$22.88	$19.26 - $25.36
Q3 2020	706,643	$17,729	$21.71	$19.31 - $23.36
Q2 2020	686,849	$20,419	$21.32	$18.18 - $24.66
Q1 2020	693,861	$19,337	$25.32	$16.04 - $29.11
Q4 2019	695,481	$26,289	$26.96	$24.33 - $29.31
Q3 2019	703,221	$23,481	$24.53	$22.80 - $26.82
Q2 2019	679,724	$23,606	$24.37	$23.21 - $25.57
Q1 2019	673,969	$22,167	$24.34	$21.94 - $26.11
Q4 2018	657,952	$21,068	$24.66	$21.93 - $26.85
Q3 2018	649,877	$24,045	$26.79	$25.00 - $27.68
Q2 2018	620,378	$22,582	$24.88	$22.50 - $26.27
Q1 2018	593,721	$20,157	$22.92	$20.95 - $24.18
Q4 2017	567,506	$19,267	$23.87	$22.63 - $26.07
Q3 2017	542,323	$18,629	$21.16	$19.97 - $23.64
Q2 2017	494,114	$15,639	$21.41	$20.20 - $23.24
Q1 2017	467,365	$15,845	$22.95	$21.15 - $26.25
Q4 2016	434,101	$17,581	$23.03	$19.47 - $26.73
Q3 2016	413,085	$13,561	$20.22	$18.63 - $21.71
Q2 2016	392,190	$11,879	$17.85	$16.24 - $19.22
Q1 2016	382,015	$10,150	$16.47	$15.23 - $17.09
Q4 2015	371,866	$10,104	$17.17	$15.88 - $18.15
Q3 2015	363,820	$9,714	$16.41	$15.89 - $17.07
Q2 2015	352,644	$9,532	$15.75	$14.97 - $16.58
Q1 2015	346,154	$9,398	$15.65	$14.99 - $16.24
Q4 2014	341,781	$9,396	$15.39	$14.58 - $16.22
Q3 2014	342,343	$8,583	$14.75	$14.28 - $15.29
Q2 2014	337,424	$8,753	$14.44	$13.86 - $15.08
Q1 2014	336,824	$8,906	$14.37	$13.56 - $15.35
Q4 2013	336,574	$8,939	$14.45	$13.66 - $15.39
Q3 2013	337,606	$8,612	$13.97	$13.17 - $14.78
Q2 2013	335,176	$8,296	$12.96	$12.34 - $13.56