Penko Ivanov compensation by year
ARROW FINANCIAL Summary Compensation Table · all 3 fiscal years held| Component | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Salary | $310,154 | $410,000 | $422,300 |
| Bonus | $40,000 | $0 | $0 |
| Stock awards | $0 | $43,305 | $102,526 |
| Option awards | $0 | $0 | $0 |
| Non-equity incentive | $97,500 | $151,700 | $179,055 |
| Pension and deferred compensation | $0 | $11,329 | $29,508 |
| All other | $21,678 | $43,487 | $53,647 |
| Total | $469,332 | $659,821 | $787,036 |
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.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 4,993 | $156,780 | — |
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.
Change-in-control & termination
estimated payments ARROW FINANCIAL discloses, by trigger · FY2023| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Involuntary termination without cause | $444,167 | — | — | $444,167 |
| Change in control and involuntary termination | $975,000 | — | $536 | $975,536 |
Per the Potential Payments Upon Termination or Change in Control table in ARROW FINANCIAL CORP's FY2023 proxy. Estimates as the company printed them; a dash means it printed no figure.
ARROW FINANCIAL’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| David DeMarco | President and CEO | $1,572,406 |
| Penko Ivanov · this page | Senior Executive Vice President, CFO, Treasurer and Chief Accounting Officer | $787,036 |
| Andrew Wise | Senior Executive Vice President, 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 |
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.
Compensation, the day it’s disclosed
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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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