Director at Arbor Realty (NYSE: ABR) defers 419 RSUs grant

Rhea-AI Filing Summary

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

Arbor Realty Trust director Kenneth J. Bacon reported a compensation-related equity award. On March 24, 2026, he received 419 fully vested Restricted Stock Units as a dividend equivalent on a portion of his existing RSUs, bringing his directly held RSUs to 25,986.

He has elected to defer both the 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 board service ends, under a pre-established deferral election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BACON KENNETH J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	419	$7.46	$3K

Holdings After Transaction: Restricted Stock Units — 25,986 shares (Direct)

Footnotes (1)

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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)
03/24/2026

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)	03/24/2026		A(1)		419		(1)	(1)	Common Stock, par value $0.01 per share	419	$7.46	25,986	D

Explanation of Responses:

1. On March 24, 2026, Mr. Bacon received 419 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") in lieu of the dividend equivalent due on the portion of Mr. Bacon's existing RSUs in which he made such election, which was paid by the Company on March 24, 2026. 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	03/25/2026
	** 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 Kenneth J. Bacon?

Arbor Realty Trust reported that director Kenneth J. Bacon received 419 fully vested RSUs on March 24, 2026. These RSUs were granted as dividend equivalents on part of his existing RSU holdings, increasing his directly held RSUs to 25,986.

Were Kenneth J. Bacon’s 419 RSUs at Arbor Realty Trust (ABR) an open-market purchase?

No, the 419 RSUs were not an open-market purchase. They were a grant of fully vested Restricted Stock Units issued as a dividend equivalent on existing RSUs, categorized as a grant or award acquisition rather than a market trade.

How many Restricted Stock Units does Kenneth J. Bacon hold after this Arbor Realty Trust (ABR) Form 4?

After the March 24, 2026 RSU grant, Kenneth J. Bacon holds 25,986 Restricted Stock Units directly. This total includes the 419 fully vested RSUs received as dividend equivalents on a portion of his prior RSU awards.

What deferral election did Kenneth J. Bacon make for his Arbor Realty Trust (ABR) RSUs?

Kenneth J. Bacon elected to defer both the dividend equivalents and receipt of the common stock underlying his RSUs until January 1, 2027. The deferral can end sooner if there is a change in control or his service as a director terminates.

Why did Arbor Realty Trust (ABR) grant 419 RSUs to director Kenneth J. Bacon?

The 419 fully vested RSUs were issued in lieu of a cash dividend equivalent due on part of Bacon’s existing RSUs. Instead of receiving a cash dividend, he elected to receive additional RSUs representing that dividend amount from the company.

Do Kenneth J. Bacon’s deferred RSUs at Arbor Realty Trust (ABR) convert into common stock immediately?

No, the RSUs and related dividend equivalents will convert into common stock at a later date. Bacon elected to defer receipt of the underlying Arbor Realty Trust common shares until January 1, 2027, or earlier upon a change in control or board service termination.