{"schema_version":"secwatch.filing_event.v1","accession":"0000717538-23-000253","form_type":"8-K","ticker":"AROW","cik":"0000717538","company_name":"ARROW FINANCIAL CORP","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.806776+00:00","generated_at":"2026-06-07T19:02:43.703510+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Arrow Financial sells Visa shares for $9.3M gain, repositions $100M securities portfolio","bullets":["Sold 27,771 Visa Class B shares for pre-tax gain of approximately $9.3 million.","Sold ~$100M lower-yielding securities for pre-tax loss of ~$9.2M; proceeds reinvested in higher-yielding assets.","Annual pre-tax earnings uplift of ~$3M expected from ~3% positive spread differential.","Transactions improve regulatory risk-based capital ratios and are accretive to book value per share."],"urls":{"canonical":"https://secwatch.observer/filing/0000717538-23-000253","json":"https://secwatch.observer/filing/0000717538-23-000253.json","markdown":"https://secwatch.observer/filing/0000717538-23-000253.md","text":"https://secwatch.observer/filing/0000717538-23-000253.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/717538/000071753823000253/0000717538-23-000253-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/717538/000071753823000253/arow-20231127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:02:43.703510+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}