The estimated Net Worth of Thomas L Hoy is at least $5.77 million dollars as of 31 July 2020. Mr. Hoy owns over 3,000 units of Arrow stock worth over $5,413,097 and over the last 21 years he sold AROW stock worth over $282,983. In addition, he makes $71,248 as Independent Chairman of the Board at Arrow.
Thomas has made over 22 trades of the Arrow stock since 2011, according to the Form 4 filled with the SEC. Most recently he bought 3,000 units of AROW stock worth $82,230 on 31 July 2020.
The largest trade he's ever made was exercising 15,686 units of Arrow stock on 19 February 2019 worth over $307,132. On average, Thomas trades about 1,383 units every 35 days since 2003. As of 31 July 2020 he still owns at least 194,157 units of Arrow stock.
You can see the complete history of Mr. Hoy stock trades at the bottom of the page.
Thomas L. Hoy serves as Independent Chairman of the Board of the Company. He has been a Director of the Company since 1996, Chairman of the Board since 2004, a Director of GFNB since 1994, and Chairman of the Board of GFNB since 2004. He was President of the Company from 1996 to 2012, and CEO from 1997 until his retirement at the end of 2012. In addition, Mr. Hoy was President of GFNB from 1995 to 2011. Mr. Hoy’s more than four-decade career with our organization started in 1974 as a management trainee and included various roles in GFNB’s Trust and Investment Division. He serves on the Federal Home Loan Bank of New York Board of Directors, a role he has held since 2011. Mr. Hoy holds a bachelor’s degree from Cornell University. His expertise in the banking, investment and financial services industries – both generally and as our former President and CEO of the Company – is of great value to the Company.
As the Independent Chairman of the Board of Arrow, the total compensation of Thomas Hoy at Arrow is $71,248. There are 9 executives at Arrow getting paid more, with Thomas Murphy having the highest compensation of $1,428,710.
Thomas Hoy is 71, he's been the Independent Chairman of the Board of Arrow since 2018. There are 2 older and 16 younger executives at Arrow. The oldest executive at Arrow Financial Corp. is Richard Reisman, 74, who is the Independent Director.
Thomas's mailing address filed with the SEC is ARROW FINANCIAL CORPORATION, 250 GLEN STREET, GLENS FALLS, NY, 12801.
Over the last 21 years, insiders at Arrow have traded over $4,935,196 worth of Arrow stock and bought 68,056 units worth $1,610,245 . The most active insiders traders include Thomas L Hoy, Thomas J. Murphy et David S. De Marco. On average, Arrow executives and independent directors trade stock every 20 days with the average trade being worth of $73,966. The most recent stock trade was executed by Raymond F O'conor on 3 September 2024, trading 2,000 units of AROW stock currently worth $60,180.
arrow financial corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. the company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. the company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. in addition, it maintains an indirect
Arrow executives and other stock owners filed with the SEC include: