ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

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

Q4 2025

Shares 15,499 Value ($000) $487 Avg Close $29.20 Range $25.42 - $33.28

Q3 2025

Shares 12,999 Value ($000) $368 Avg Close $27.49 Range $25.11 - $29.68

Q2 2025

Shares 14,099 Value ($000) $372 Avg Close $24.62 Range $21.85 - $26.37

Q1 2025

Shares 8,399 Value ($000) $221 Avg Close $25.60 Range $23.93 - $28.43

Q4 2024

Shares 11,899 Value ($000) $342 Avg Close $28.95 Range $25.59 - $32.96

Q3 2024

Shares 9,899 Value ($000) $284 Avg Close $27.03 Range $23.49 - $30.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,499	$487	$29.20	$25.42 - $33.28
Q3 2025	12,999	$368	$27.49	$25.11 - $29.68
Q2 2025	14,099	$372	$24.62	$21.85 - $26.37
Q1 2025	8,399	$221	$25.60	$23.93 - $28.43
Q4 2024	11,899	$342	$28.95	$25.59 - $32.96
Q3 2024	9,899	$284	$27.03	$23.49 - $30.72