Director at Arbor Realty (ABR) granted 357 RSUs as dividend award

Rhea-AI Filing Summary

BACON KENNETH J reported acquisition or exercise transactions in this Form 4 filing.

Arbor Realty Trust director Kenneth J. Bacon received 357 fully vested Restricted Stock Units (RSUs) as a compensation-related award. The RSUs were granted on June 15, 2026 as dividend equivalents on a portion of his existing RSUs, at a reference value of $5.18 per unit.

Following this grant, Bacon holds 30,290 RSUs tied to Arbor Realty Trust common stock. He has elected to defer both the dividend equivalents and receipt of the underlying common shares until January 1, 2027, or earlier if there is a change in control or his board service ends, under a pre-established deferral election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BACON KENNETH J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	357	$5.18	$2K

Holdings After Transaction: Restricted Stock Units — 30,290 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 357 RSUs Reference value per RSU: $5.18 per unit Total RSUs after grant: 30,290 RSUs +1 more

4 metrics

RSUs granted 357 RSUs Fully vested dividend-equivalent RSUs granted on June 15, 2026

Reference value per RSU $5.18 per unit Reported transaction price for the 357 RSUs

Total RSUs after grant 30,290 RSUs Director’s RSU holdings following the award

Deferral date January 1, 2027 Scheduled date to receive underlying common stock, absent earlier triggers

Key Terms

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

4 terms

Restricted Stock Units financial

"Mr. Bacon received 357 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc."

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.

deferral election financial

"pursuant to a pre-established deferral election"

change in control financial

"until January 1, 2027, or sooner upon a change in control or his service as a director is terminated"

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.

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Form 4 Insider Transactions: What Each Field Means →

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)
06/15/2026

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)	06/15/2026		A(1)		357		(1)	(1)	Common Stock, par value $0.01 per share	357	$5.18	30,290	D

Explanation of Responses:

1. On June 15, 2026, Mr. Bacon received 357 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	06/16/2026
	** 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)

FAQ

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

Kenneth J. Bacon reported receiving 357 fully vested Restricted Stock Units (RSUs) of Arbor Realty Trust on June 15, 2026. These RSUs were issued as dividend equivalents on a portion of his existing RSUs under a compensation arrangement.

How many Arbor Realty Trust RSUs did Kenneth J. Bacon receive in this transaction?

He received 357 Restricted Stock Units (RSUs) linked to Arbor Realty Trust common stock. The award reflects dividend equivalents on part of his existing RSU holdings and increases his total RSUs to 30,290 after the transaction.

Was Kenneth J. Bacon’s Arbor Realty Trust RSU transaction a market purchase or sale?

No, it was not a market trade. The Form 4 shows a grant of 357 fully vested RSUs as a compensation-related dividend equivalent, rather than an open-market purchase or sale of Arbor Realty Trust common stock.

What deferral election did Kenneth J. Bacon make regarding his Arbor Realty Trust RSUs?

Bacon elected to defer both his dividend equivalents and receipt of the Arbor Realty Trust common shares underlying the RSUs until January 1, 2027, or earlier if a change in control occurs or his board service ends, under a pre-established deferral election.

What is Kenneth J. Bacon’s Arbor Realty Trust RSU balance after this Form 4 transaction?

After receiving the 357 RSUs, Bacon holds a total of 30,290 Restricted Stock Units tied to Arbor Realty Trust common stock. This figure reflects his direct RSU position reported in the Form 4 following the grant.

Why did Arbor Realty Trust grant RSUs as dividend equivalents to Kenneth J. Bacon?

The 357 RSUs represent dividend equivalents on a portion of Bacon’s existing RSUs for which he elected this form of payment. Instead of receiving cash dividends, he was issued fully vested RSUs that mirror those dividend amounts.