AROW · Arrow Financial Corp

$38.33 +0.15 (+0.39%) At close · Aug 20

Market Cap

$710.01M

18.52M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David S. DeMarco	President and CEO	$715,850	—	$243,265	—	$379,401	$62,642	$1,572,406
Penko K. Ivanov	SEVP, CFO, Treasurer and CAO	$422,300	—	$102,526	—	$179,055	$53,647	$787,036
Andrew J. Wise	SEVP, CRO and Corporate Secretary (g)	$375,950	—	$91,273	—	$159,403	$55,983	$729,216
Marc J. Yrsha	SEVP and CBO	$375,950	—	$81,263	—	$159,403	$51,309	$708,269
Michael J. Jacobs	EVP and CIO	$260,000	—	$47,005	—	$96,460	$25,696	$470,629
Brooke M. Pancoe	EVP and CHRO	$260,000	—	$45,014	—	$96,460	$24,777	$447,527

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David S. DeMarco	Senior Executive Vice President and CEO	$695,000	—	$103,926	—	$312,750	$25,274	$1,233,686
Penko Ivanov	Senior Executive Vice President, CFO, Treasurer and CAO	$410,000	—	$43,305	—	$151,700	$43,487	$659,821
Penko K. Ivanov	SEVP, CFO, Treasurer and CAO	$410,000	—	$43,305	—	$151,700	$43,487	$659,821
David D. Kaiser	Senior Executive Vice President and CCO	$365,000	—	$51,976	—	$135,050	$35,935	$634,945
Andrew J. Wise	Senior Executive Vice President and CRO (g)	$365,000	—	$51,976	—	$135,050	$48,344	$625,129
Marc J. Yrsha	Senior Executive Vice President and CBO	$325,000	—	$36,378	—	$120,250	$45,437	$537,191

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David S. DeMarco	Senior Executive Vice President and CEO	$502,308	—	—	$40,100	$215,625	$34,304	$943,532
David D. Kaiser	Senior Executive Vice President and CCO	$336,538	—	—	$40,100	$105,000	$34,489	$624,636
Andrew J. Wise	Senior Executive Vice President and CRO (g)	$336,538	—	—	$40,100	$105,000	$41,458	$570,478
Penko K. Ivanov	SEVP, CFO, Treasurer and CAO	$310,154	$40,000	—	—	$97,500	$21,678	$469,332
Penko Ivanov	Senior Executive Vice President, CFO, Treasurer and CAO	$310,154	$40,000	—	—	$97,500	$21,678	$469,332

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO, Interim Treasurer, CFO, and CAO (g)	$650,000	—	$149,984	$76,500	$363,170	$32,313	$1,742,204
David S. DeMarco	Senior Executive Vice President and CEO	$395,000	—	—	$38,250	$176,557	$34,005	$742,189
David D. Kaiser	Senior Executive Vice President and CCO	$325,000	—	—	$38,250	$145,268	$32,769	$612,825
Andrew J. Wise	Senior Executive Vice President and CRO (g)	$325,000	—	—	$38,250	$145,268	$40,358	$570,264
Edward J. Campanella	former Senior Executive Vice President, Treasurer and CFO	$270,288	—	—	$38,250	—	$83,527	$411,080

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO, Interim Treasurer, CFO, and CAO (g)	$600,000	—	$139,297	$48,500	$430,229	$19,121	$2,146,089
David S. DeMarco	Senior Executive Vice President and CBO (g)	$365,000	—	—	$24,250	$157,246	$32,522	$663,909
David D. Kaiser	Senior Executive Vice President and CCO	$300,000	—	—	$24,250	$129,243	$30,354	$538,691
Edward J. Campanella	former Senior Executive Vice President, Treasurer and CFO	$300,000	—	—	$24,250	$129,243	$37,052	$514,029
Andrew J. Wise	Senior Executive Vice President and COO	$300,000	—	—	$24,250	$129,243	$37,363	$512,034

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO, Interim Treasurer, CFO, and CAO (g)	$560,000	—	$135,017	$49,900	$300,960	$31,697	$1,692,259
David S. DeMarco	Senior Executive Vice President and CBO (g)	$340,000	—	—	$24,950	$109,773	$31,568	$595,334
David D. Kaiser	Senior Executive Vice President and CCO	$275,000	—	—	$24,950	$88,787	$32,138	$480,077
Edward J. Campanella	former Senior Executive Vice President, Treasurer and CFO	$275,000	—	—	$24,950	$88,787	$19,511	$435,849
Andrew J. Wise	Senior Executive Vice President and COO	$250,000	—	—	$24,950	$80,715	$34,638	$414,396

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO	$540,000	—	$123,701	$57,500	$208,294	$30,746	$1,428,711
David S. DeMarco	Senior Executive Vice President and CBO	$325,000	—	—	$28,750	$76,000	$29,532	$532,575
David D. Kaiser	Senior Executive Vice President and CCO	$255,000	—	—	$28,750	$59,500	$29,422	$427,629
Edward J. Campanella	Senior Executive Vice President, Treasurer and CFO	$260,000	—	—	$28,750	$61,000	$19,788	$379,501
Andrew J. Wise	Senior Executive Vice President and COO	$220,000	—	—	$28,750	$51,500	$30,922	$349,589

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO	$490,000	—	$110,010	$57,600	$244,588	$17,467	$1,335,544
David S. DeMarco	Senior Vice President and CBO	$290,000	—	—	$28,800	$108,500	$27,960	$524,319
David D. Kaiser	Senior Vice President and CCO	$235,000	—	—	$28,800	$88,000	$28,204	$426,685
Edward J. Campanella	Senior Vice President, Treasurer and CFO	$235,000	—	—	$11,520	$88,000	$6,066	$343,350
Andrew J. Wise	Senior Vice President and COO	$195,000	—	—	$14,400	$71,000	$26,929	$313,178

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas J. Murphy	President and CEO	$440,000	—	—	$64,400	$207,000	$16,646	$815,846
David S. DeMarco	Senior Vice President and CBO	$265,000	—	—	$32,200	$93,500	$16,172	$476,328
David D. Kaiser	Senior Vice President and CCO	$225,000	—	—	$32,200	$80,000	$28,493	$414,858
Edward J. Campanella	Senior Vice President, Treasurer and CFO	$69,235	—	—	—	$26,500	$324	$96,059

Executive changes

Person	Role	Change	Effective	Filed
Rocco F. Arcuri, Sr.	Senior Vice President, Regional President, Mohawk Valley of Arrow Bank	Appointed	2026-07-01	2026-07-01
Rocco F. Arcuri, Sr.	director of the Company	Appointed	2026-07-01	2026-07-01
Darrin Jahnel	director	Appointed	2025-11-25	2025-11-25
David D. Kaiser	Senior Executive Vice President and Chief Credit Officer	Retired	2025-06-30	2025-07-03
David D. Kaiser	Chief Credit Officer	Retired	2025-06-30	2025-04-14
Gary L. Dake	Director	Retired	—	2025-02-10
Tenée R. Casaccio	Chair of the Board	Appointed	2024-06-05	2024-06-06
William L. Owens	Board of Directors	Retired	2024-06-05	2024-06-06
David S. DeMarco	Class B member of the Board	Appointed	2023-07-26	2023-07-31
David S. DeMarco	President and Chief Executive Officer	Appointed	2023-05-13	2023-05-15
Thomas J. Murphy	member of the Board of Directors	Terminated	2023-05-12	2023-05-15
Thomas J. Murphy	President and Chief Executive Officer	Terminated	2023-05-12	2023-05-15
Penko K. Ivanov	Executive Vice President, Treasurer and Chief Financial Officer of Arrow; and Executive Vice President, Chief Financial Officer,	Appointed	2023-02-21	2023-02-06
Penko Ivanov	Chief Financial Officer, Executive Vice President, Treasurer and Chief Accounting Officer	Appointed	2023-02-21	2023-02-06
Edward J. Campanella	former Senior Executive Vice President, Treasurer and Chief Financial Officer	Resigned	2022-09-30	2022-10-06
Thomas J. Murphy	interim Treasurer, Chief Financial Officer and Principal Accounting Officer	Appointed	2022-09-28	2022-09-30
Edward J. Campanella	Senior Executive Vice President, Treasurer and Chief Financial Officer	Resigned	2022-09-30	2022-09-30
Edward J. Campanella	Senior Executive Vice President, Treasurer and Chief Financial Officer	Resigned	2022-09-30	2022-08-26
Andrew J. Wise	Senior Executive Vice President and Chief Operating Officer	Appointed	2022-02-01	2022-02-01
David D. Kaiser	Senior Executive Vice President	Appointed	2022-02-01	2022-02-01
Edward J. Campanella	Senior Executive Vice President	Appointed	2022-02-01	2022-02-01
David S. DeMarco	Senior Executive Vice President	Appointed	2022-02-01	2022-02-01

Key facts CIK 717538 CUSIP 042744102 13F (30d) 146 filings 137 filers Visit website Investor relations