Arbor Realty Trust (ABR) director defers 335 RSUs from dividend equivalent to 2027

Rhea-AI Filing Summary

Arbor Realty Trust Inc. director Kenneth J. Bacon reported a compensation-related equity transaction. On November 26, 2025, he received 335 fully vested Restricted Stock Units (RSUs) of Arbor Realty Trust, Inc. in lieu of the dividend equivalent that was due on his existing RSUs and paid by the company on that same date. These RSUs represent a right to receive shares of common stock with a stated price of $9.03 per share and increase his derivative securities holdings to 10,426 RSUs held directly.

Mr. Bacon has elected to defer both his dividend equivalents and the receipt of the common stock underlying these RSUs until January 1, 2027, or earlier if there is a change in control of the company or his service as a director ends, consistent with a pre-established deferral election.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BACON KENNETH J

(Last) (First) (Middle)

C/O ARBOR REALTY TRUST, INC.

333 EARLE OVINGTON BLVD, SUITE 900

(Street)

UNIONDALE NY 11553

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARBOR REALTY TRUST INC [ ABR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/26/2025		A(1)		335		(1)	(1)	Common Stock, par value $0.01 per share	335	$9.03	10,426	D

Explanation of Responses:

1. On November 26, 2025, Mr. Bacon received 335 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") in lieu of the dividend equivalent due on Mr. Bacon's existing RSUs and paid by the Company on November 26, 2025. Mr. Bacon has elected to defer his dividend equivalents and receipt of the common stock into which the RSUs are converted until January 1, 2027, or sooner upon a change in control or his service as a director is terminated, pursuant to a pre-established deferral election.

	/s/ John Bishar, Attomey-in-Fact for Kenneth J. Bacon	12/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Arbor Realty Trust (ABR) director Kenneth J. Bacon report on this Form 4?

He reported receiving 335 fully vested Restricted Stock Units (RSUs) of Arbor Realty Trust, Inc. as a dividend equivalent on his existing RSUs on November 26, 2025.

Why did Kenneth J. Bacon receive 335 RSUs from Arbor Realty Trust (ABR)?

He received 335 RSUs in lieu of the dividend equivalent that was due on his existing RSUs and paid by Arbor Realty Trust, Inc. on November 26, 2025.

When will Kenneth J. Bacon receive Arbor Realty Trust (ABR) common stock for these RSUs?

He has elected to defer receipt of the common stock underlying these RSUs until January 1, 2027, or earlier upon a change in control or if his service as a director ends, under a pre-established deferral election.

How many derivative securities does Kenneth J. Bacon hold after this transaction in Arbor Realty Trust (ABR)?

Following this RSU grant, he beneficially owns 10,426 derivative securities (RSUs) of Arbor Realty Trust, Inc. in direct ownership.

What is the reference price per share for Kenneth J. Bacon’s new RSUs in Arbor Realty Trust (ABR)?

The RSUs are shown with a price of $9.03 per share of Arbor Realty Trust, Inc. common stock, par value $0.01 per share.

What triggers earlier settlement of Kenneth J. Bacon’s deferred Arbor Realty Trust (ABR) RSUs?

Settlement of the RSUs can occur earlier than January 1, 2027 if there is a change in control of Arbor Realty Trust, Inc. or if his service as a director is terminated.