Director Kenneth Bacon granted 3,947 RSUs at Arbor Realty Trust (ABR)

Rhea-AI Filing Summary

ARBOR REALTY TRUST INC director Kenneth J. Bacon reported a grant of 3,947 Restricted Stock Units. The RSUs were fully vested and awarded on March 31, 2026 at a reference price of $7.60 per unit. He now directly holds 29,933 shares-equivalent of common stock through these units.

According to the director deferred compensation plan, Mr. Bacon had elected to defer his cash compensation until January 2028 or earlier upon a change in control or the end of his board service. These RSUs were issued in lieu of that cash compensation, making this a compensation-related, non-market acquisition rather than an open-market stock purchase.

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	3,947	$7.60	$30K

Holdings After Transaction: Restricted Stock Units — 29,933 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 3,947 units Reference price per RSU: $7.60 per unit Shares-equivalent after transaction: 29,933 shares +2 more

5 metrics

RSUs granted 3,947 units Fully vested Restricted Stock Units granted March 31, 2026

Reference price per RSU $7.60 per unit Reported transaction price for the RSU grant

Shares-equivalent after transaction 29,933 shares Total direct holdings following the RSU award

Underlying security 3,947 shares Common Stock, par value $0.01 per share underlying RSUs

Deferral end date January 2028 Cash compensation deferred until this date or earlier on certain events

Key Terms

Restricted Stock Units, director deferred compensation plan, pre-established deferral election, change in control

4 terms

Restricted Stock Units financial

"Therefore, Mr. Bacon received 3,947 fully vested Restricted Stock Units 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.

director deferred compensation plan financial

"pursuant to the terms of the director deferred compensation plan, in lieu of his cash compensation earned."

pre-established deferral election financial

"pursuant to a pre-established deferral election."

change in control financial

"until January 2028, 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.

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)
03/31/2026

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)	03/31/2026		A(1)		3,947		(1)	(1)	Common Stock, par value $0.01 per share	3,947	$7.6	29,933	D

Explanation of Responses:

1. Mr. Bacon has elected to defer his cash compensation earned for his service as a director until January 2028, or sooner upon a change in control or his service as a director is terminated, pursuant to a pre-established deferral election. Therefore, Mr. Bacon received 3,947 fully vested Restricted Stock Units of Arbor Realty Trust, Inc. (the "Company") on March 31, 2026 (the date the Company paid out the cash compensation to its directors), pursuant to the terms of the director deferred compensation plan, in lieu of his cash compensation earned.

	/s/ John Bishar, Attomey-in-Fact for Kenneth J. Bacon	04/02/2026
	** 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 Bacon report on this Form 4?

Director Kenneth J. Bacon reported receiving 3,947 fully vested Restricted Stock Units as compensation. The award reflects deferred cash fees converted into stock-based units under the company’s director deferred compensation plan, rather than an open-market purchase of Arbor Realty Trust common stock.

How many Restricted Stock Units did ABR director Kenneth Bacon receive and on what date?

Kenneth Bacon received 3,947 fully vested Restricted Stock Units on March 31, 2026. The grant date matches when Arbor Realty Trust paid cash compensation to its directors, with Mr. Bacon’s pre-established deferral election converting that cash amount into stock units instead of a cash payment.

Was Kenneth Bacon’s recent ABR transaction an open-market purchase or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. Bacon elected to defer his director cash compensation, which was instead paid in 3,947 fully vested Restricted Stock Units pursuant to Arbor Realty Trust’s director deferred compensation plan and his pre-established deferral election.

What is the reference price for the 3,947 Restricted Stock Units granted to ABR director Bacon?

The 3,947 Restricted Stock Units were reported with a reference price of $7.60 per unit. This price is used for valuation and reporting purposes in the Form 4 and relates to the value of the cash compensation converted into stock units under the deferred compensation arrangement.

How many ABR shares or share equivalents does Kenneth Bacon hold after this RSU grant?

After receiving 3,947 Restricted Stock Units, Kenneth Bacon’s total direct holdings reported in this filing are 29,933 share-equivalents of Arbor Realty Trust common stock. This total reflects his position following the grant, as disclosed in the Form 4’s post-transaction ownership field.

Why did ABR director Kenneth Bacon receive RSUs instead of cash compensation?

Bacon elected to defer his director cash compensation until January 2028 or earlier if his service ends or there is a change in control. Under this pre-established deferral election, Arbor Realty Trust paid his earned cash fees in fully vested Restricted Stock Units instead of cash.