AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Arrow Financial Corp's Holding History (CIK: 0000717538)

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

Q4 2025

Shares 3,492 Value ($000) $898 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 3,578 Value ($000) $1,050 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 2,878 Value ($000) $888 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 2,878 Value ($000) $879 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 2,888 Value ($000) $845 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 3,048 Value ($000) $843 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 3,203 Value ($000) $765 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 3,330 Value ($000) $832 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 3,965 Value ($000) $924 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 4,185 Value ($000) $1,007 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 5,764 Value ($000) $1,267 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 8,523 Value ($000) $1,897 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 7,729 Value ($000) $2 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 7,208 Value ($000) $1,631 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 6,786 Value ($000) $1,425 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 4,410 Value ($000) $1,004 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 4,570 Value ($000) $1,127 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 4,865 Value ($000) $973 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 4,930 Value ($000) $979 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 5,000 Value ($000) $942 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 5,250 Value ($000) $925 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 5,250 Value ($000) $733 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 5,530 Value ($000) $823 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 5,675 Value ($000) $776 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 6,035 Value ($000) $1,028 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 6,350 Value ($000) $1,025 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 6,350 Value ($000) $1,050 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 6,400 Value ($000) $1,023 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 6,485 Value ($000) $850 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 6,485 Value ($000) $977 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 6,575 Value ($000) $883 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 6,553 Value ($000) $744 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 6,588 Value ($000) $772 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 6,588 Value ($000) $720 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 6,888 Value ($000) $706 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 6,888 Value ($000) $705 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 6,983 Value ($000) $718 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 8,163 Value ($000) $720 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 8,163 Value ($000) $750 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 8,188 Value ($000) $735 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 8,188 Value ($000) $694 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 8,218 Value ($000) $661 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 8,218 Value ($000) $660 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 8,218 Value ($000) $703 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 8,308 Value ($000) $692 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 8,558 Value ($000) $711 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 9,323 Value ($000) $739 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 9,338 Value ($000) $721 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 9,363 Value ($000) $756 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 9,463 Value ($000) $685 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 9,638 Value ($000) $664 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,492	$898	$264.83	$245.59 - $291.75
Q3 2025	3,578	$1,050	$297.80	$280.46 - $312.33
Q2 2025	2,878	$888	$302.36	$268.13 - $324.50
Q1 2025	2,878	$879	$295.41	$279.29 - $315.84
Q4 2024	2,888	$845	$287.90	$266.14 - $301.35
Q3 2024	3,048	$843	$253.49	$223.96 - $274.02
Q2 2024	3,203	$765	$236.61	$228.77 - $245.17
Q1 2024	3,330	$832	$234.26	$221.78 - $245.61
Q4 2023	3,965	$924	$222.04	$195.57 - $239.12
Q3 2023	4,185	$1,007	$231.16	$204.74 - $243.17
Q2 2023	5,764	$1,267	$203.27	$189.64 - $210.89
Q1 2023	8,523	$1,897	$211.47	$197.72 - $230.89
Q4 2022	7,729	$2	$228.99	$203.81 - $257.33
Q3 2022	7,208	$1,631	$219.07	$190.70 - $242.63
Q2 2022	6,786	$1,425	$202.51	$182.36 - $222.13
Q1 2022	4,410	$1,004	$196.92	$176.60 - $227.31
Q4 2021	4,570	$1,127	$207.28	$180.16 - $228.68
Q3 2021	4,865	$973	$187.71	$179.33 - $197.68
Q2 2021	4,930	$979	$176.27	$167.48 - $182.39
Q1 2021	5,000	$942	$156.66	$143.60 - $175.27
Q4 2020	5,250	$925	$147.45	$121.14 - $161.77
Q3 2020	5,250	$733	$125.00	$114.15 - $135.97
Q2 2020	5,530	$823	$126.99	$112.18 - $142.82
Q1 2020	5,675	$776	$141.95	$91.30 - $160.44
Q4 2019	6,035	$1,028	$145.09	$134.54 - $151.18
Q3 2019	6,350	$1,025	$143.97	$136.57 - $151.98
Q2 2019	6,350	$1,050	$140.97	$134.10 - $148.45
Q1 2019	6,400	$1,023	$125.45	$108.70 - $138.61
Q4 2018	6,485	$850	$121.16	$104.68 - $131.62
Q3 2018	6,485	$977	$120.81	$110.27 - $129.74
Q2 2018	6,575	$883	$107.77	$94.91 - $120.77
Q1 2018	6,553	$744	$98.61	$90.87 - $105.75
Q4 2017	6,588	$772	$96.16	$91.15 - $100.81
Q3 2017	6,588	$720	$89.59	$83.96 - $101.73
Q2 2017	6,888	$706	$84.22	$79.33 - $87.79
Q1 2017	6,888	$705	$84.40	$77.75 - $87.39
Q4 2016	6,983	$718	$76.76	$70.20 - $85.82
Q3 2016	8,163	$720	$74.09	$70.80 - $78.37
Q2 2016	8,163	$750	$71.77	$68.45 - $75.00
Q1 2016	8,188	$735	$67.69	$61.81 - $73.03
Q4 2015	8,188	$694	$69.13	$63.10 - $72.67
Q3 2015	8,218	$661	$63.87	$51.20 - $67.86
Q2 2015	8,218	$660	$67.60	$63.55 - $69.99
Q1 2015	8,218	$703	$67.89	$64.32 - $71.03
Q4 2014	8,308	$692	$63.52	$55.18 - $68.07
Q3 2014	8,558	$711	$56.27	$54.11 - $58.19
Q2 2014	9,323	$739	$52.86	$49.83 - $54.58
Q1 2014	9,338	$721	$52.44	$48.53 - $56.01
Q4 2013	9,363	$756	$51.46	$46.89 - $56.22
Q3 2013	9,463	$685	$48.32	$45.84 - $50.27
Q2 2013	9,638	$664	$45.09	$41.94 - $47.70