Arbor Realty (ABR) director receives 1,730 RSUs as dividend-equivalent grant

Rhea-AI Filing Summary

Arbor Realty Trust director Melvin F. Lazar received 1,730 fully vested Restricted Stock Units (RSUs) as a grant in lieu of dividend equivalents on his existing RSUs. These RSUs convert into common stock, but he has elected to defer receiving the shares until his board service ends or an earlier change in control. Following this grant, he directly holds 54,424 RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LAZAR MELVIN F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,730	$5.18	$9K

Holdings After Transaction: Restricted Stock Units — 54,424 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 1,730 RSUs Grant reference price: $5.18 per RSU RSUs after transaction: 54,424 RSUs

3 metrics

RSUs granted 1,730 RSUs Fully vested grant in lieu of dividend equivalents on existing RSUs

Grant reference price $5.18 per RSU Price per unit reported for the RSU grant

RSUs after transaction 54,424 RSUs Total Restricted Stock Units held directly by Melvin F. Lazar after the grant

Key Terms

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

4 terms

Restricted Stock Units financial

"Mr. Lazar received 1,730 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 Mr. Lazar'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 his service as a director is terminated, or sooner upon a change in control"

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^*

LAZAR MELVIN F

(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)		1,730		(1)	(1)	Common Stock, par value $0.01 per share	1,730	$5.18	54,424	D

Explanation of Responses:

1. On June 15, 2026, Mr. Lazar received 1,730 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. in lieu of the dividend equivalent due on Mr. Lazar's existing RSUs. Mr. Lazar has elected to defer his dividend equivalents and receipt of the common stock into which the RSUs are converted until his service as a director is terminated, or sooner upon a change in control, pursuant to a pre-established deferral election.

	/s/ Maysa Vahidi, Attorney-in-Fact for Melvin F. Lazar	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 insider transaction did Arbor Realty Trust (ABR) report for Melvin F. Lazar?

Arbor Realty Trust reported that director Melvin F. Lazar received 1,730 fully vested RSUs as a grant in lieu of dividend equivalents on his existing RSUs. These RSUs convert into common stock but are subject to a deferral election on settlement.

Was the ABR Form 4 transaction a stock purchase or sale by the director?

The Form 4 shows no open-market purchase or sale. Instead, Melvin F. Lazar received 1,730 RSUs as a compensation-related grant tied to dividend equivalents on existing RSUs, a non-market transaction rather than a discretionary buy or sell.

How many Restricted Stock Units does Melvin F. Lazar hold after this ABR transaction?

After the grant of 1,730 RSUs, Melvin F. Lazar holds a total of 54,424 Restricted Stock Units. These units represent the right to receive Arbor Realty Trust common shares according to the company’s equity award and deferral terms.

Why did Melvin F. Lazar receive 1,730 RSUs from Arbor Realty Trust (ABR)?

He received 1,730 fully vested RSUs in lieu of the dividend equivalent that was due on his existing RSUs. The company settled this dividend-equivalent entitlement by granting additional RSUs instead of paying cash, consistent with its compensation structure.

When will Melvin F. Lazar receive ABR common stock from these RSUs?

According to the disclosure, Lazar elected to defer his dividend equivalents and receipt of the common stock until his service as a director terminates, or earlier upon a change in control, under a pre-established deferral election arrangement with Arbor Realty Trust.

What is the significance of the deferral election in this ABR Form 4 filing?

The deferral election means Lazar is not immediately receiving Arbor Realty Trust common shares from his RSUs. Instead, settlement into common stock is postponed until his board service ends or a change in control occurs, aligning payout timing with his director tenure.