Arbor Realty director gets 379 RSUs in dividend swap

ARBOR REALTY TRUST INC (ABR) reported that director Kenneth J. Bacon received a grant of 379 Restricted Stock Units (RSUs)36,224 RSUs.

Rhea-AI Filing Summary

ARBOR REALTY TRUST INC (ABR) reported that director Kenneth J. Bacon received a grant of 379 Restricted Stock Units (RSUs)36,224 RSUs. Mr. Bacon has elected to defer both the dividend equivalents and receipt of the common stock issuable upon RSU conversion until January 1, 2027, or earlier upon a change in control or the end of his board service, under a pre-established deferral election.

Insider Trade Summary

Grant/Award: 379 shares

Grant/Award 1 txn

Insider BACON KENNETH J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1	379	$5.02	$2K

Holdings After Transaction: Restricted Stock Units — 36,224 contracts (Direct)

Footnotes (1)

1. F1. On August 28, 2026, Mr. Bacon received 379 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. in lieu of the dividend equivalent due on the portion of Mr. Bacon's existing RSUs in which he made such election. 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.

Key Figures

RSUs granted: 379 RSUs RSUs held after transaction: 36,224 RSUs Deferral date: January 1, 2027

3 metrics

RSUs granted 379 RSUs Fully vested RSUs received on August 28, 2026 in lieu of dividend equivalents

RSUs held after transaction 36,224 RSUs Total RSU holdings reported following the August 28, 2026 award

Deferral date January 1, 2027 Date to which Mr. Bacon elected to defer dividend equivalents and receipt of common stock

Key Terms

Restricted Stock Units, dividend equivalent, change in control, deferral election

4 terms

Restricted Stock Units financial

"Mr. Bacon received 379 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalent financial

"in lieu of the dividend equivalent due on the portion of Mr. Bacon's existing RSUs"

A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.

change in control financial

"until January 1, 2027, or sooner upon a change in control or his service"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

deferral election financial

"pursuant to a pre-established deferral election"

FAQ

What insider transaction did ABR director Kenneth J. Bacon report on this Form 4?

Kenneth J. Bacon reported acquiring 379 fully vested RSUs of Arbor Realty Trust, Inc. on August 28, 2026. The RSUs were issued in lieu of the dividend equivalents due on a portion of his existing RSUs, pursuant to his prior election.

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

After the August 28, 2026 award, Kenneth J. Bacon holds 36,224 Restricted Stock Units (RSUs) linked to Arbor Realty Trust, Inc. common stock, as reported in the Form 4.

Why did ABR grant 379 RSUs to Kenneth J. Bacon?

Arbor Realty Trust, Inc. granted 379 fully vested RSUs to Kenneth J. Bacon in lieu of the cash dividend equivalent payable on a portion of his existing RSUs, consistent with his election to receive dividend equivalents in RSUs instead of cash.

When will Kenneth J. Bacon receive ABR common stock underlying these RSUs?

Kenneth J. Bacon has elected to defer receipt of the Arbor Realty Trust, Inc. common stock underlying his RSUs until January 1, 2027, or earlier if a change in control occurs or his service as a director ends, under a pre-established deferral election.

Are the newly granted ABR RSUs to Kenneth J. Bacon vested?

Yes. The Form 4 footnote states that on August 28, 2026, Kenneth J. Bacon received 379 fully vested RSUs of Arbor Realty Trust, Inc. as the form of payment for dividend equivalents on his existing RSUs.

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Available on EDGAR 09/01/2026 - 04:15 PM Accepted by SEC EDGAR 09/01/2026 - 04:15 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 NEW YORK 11553

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026

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

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

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

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)	08/28/2026		A(1)		379		(1)	(1)	Common Stock, par value $0.01 per share	379	$5.02	36,224	D

Explanation of Responses:

1. On August 28, 2026, Mr. Bacon received 379 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. in lieu of the dividend equivalent due on the portion of Mr. Bacon's existing RSUs in which he made such election. 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	09/01/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)