David DeMarco compensation by year
ARROW FINANCIAL Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $250,000 | $265,000 | $290,000 | $325,000 | $340,000 | $365,000 | $395,000 | $502,308 | $695,000 | $715,850 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — |
| Stock awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $103,926 | $243,265 |
| Option awards | $28,853 | $32,200 | $28,800 | $28,750 | $24,950 | $24,250 | $38,250 | $40,100 | $0 | $0 |
| Non-equity incentive | $82,500 | $93,500 | $108,500 | $76,000 | $109,773 | $157,246 | $176,557 | $215,625 | $312,750 | $379,401 |
| Pension and deferred compensation | $40,476 | $69,456 | $69,059 | $73,293 | $89,043 | $84,891 | $98,377 | $151,195 | $96,736 | $171,248 |
| All other | $14,333 | $16,172 | $27,960 | $29,532 | $31,568 | $32,522 | $34,005 | $34,304 | $25,274 | $62,642 |
| Total | $416,162 | $476,328 | $524,319 | $532,575 | $595,334 | $663,909 | $742,189 | $943,532 | $1,233,686 | $1,572,406 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: ARROW FINANCIAL CORP DEF 14A filed April 23, 2026, accession 0000717538-26-000045, and prior-year filings. Open the filing on EDGAR.
How this page was built: the ARROW FINANCIAL CORP filed document, accession 0000717538-26-000045. Every figure is read from that document and cited to the page and table it appears in. Filed April 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 11,882 | $373,095 | — |
| Option | 2,575 | — | $31.47 |
| Option | 1,326 | — | $33.78 |
Per the Outstanding Equity Awards at Fiscal Year-End table in ARROW FINANCIAL CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
9 Form 4 lines since the FY2025 proxy (filed April 23, 2026)current to 2026-11-06 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-09-04 | Exercise or conversion | — | 1,771 | $30.26 | 97,301 |
| 2026-09-04 | Exercise or conversion derivative | — | 1,771 | $0.00 | 0 |
| 2026-09-04 | Tax withholding | — | 1,504 | $39.57 | 95,826 |
| 2026-08-28 | Tax withholding | — | 3,752 | $38.16 | 95,530 |
| 2026-08-28 | Exercise or conversion derivative | — | 4,379 | $0.00 | 0 |
| 2026-08-28 | Exercise or conversion | — | 4,379 | $30.26 | 99,238 |
| 2026-08-17 | Tax withholding | — | 2,596 | $39.25 | 94,859 |
| 2026-08-17 | Exercise or conversion | — | 3,346 | $27.04 | 97,455 |
The 8 most recent of 9 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
ARROW FINANCIAL’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| David DeMarco · this page | President and CEO | $1,572,406 |
| Penko Ivanov | Senior Executive Vice President, CFO, Treasurer and Chief Accounting Officer | $787,036 |
| SEVP Penko K. Ivanov | CFO, Treasurer and CAO | $787,036 |
| Andrew Wise | Senior Executive Vice President, CRO and Corporate Secretary | $729,216 |
| SEVP Andrew J. Wise | CRO and Corporate Secretary | $729,216 |
| Marc Yrsha | Senior Executive Vice President and Chief Banking Officer | $708,269 |
| Michael Jacobs | Executive Vice President and Chief Information Officer | $470,629 |
| Brooke Pancoe | Executive Vice President and Chief Human Resources Officer | $447,527 |
Board service
ARROW FINANCIAL board · FY2022–FY2025How this board is paid
Company policy: ARROW FINANCIAL pays directors a $30,000 cash retainer. As stated in ARROW FINANCIAL's FY2025 proxy.
The full ARROW FINANCIAL compensation record
free company briefThis page is one person within ARROW FINANCIAL's record. The company brief lists every named executive, each linking to their own page.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are ARROW FINANCIAL's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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