KAUFMAN IVAN 4

What Happened

• Ivan Kaufman, Chairman of the Board, Chief Executive Officer and President of Arbor Realty Trust (ABR), received equity awards on March 13, 2026 totaling 1,408,450 shares/units. That includes 281,690 shares granted (time‑based award) and 1,126,760 derivative units shown at $0.00 (performance‑based restricted stock units). No cash was paid—these are compensation awards, not open‑market purchases.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17.
• Awards: 281,690 shares (vest in full three years after grant per F1); 1,126,760 restricted stock units (RSUs) @ $0.00 (performance RSUs per F3/F4).
• Total awards: 1,408,450 shares/units; total cash paid: $0 (no purchase price).
• Vesting/conditions: Time‑based awards vest three years after grant; the 1,126,760 RSUs are payable only if the company meets specified total shareholder return (TSR) objectives for the four‑year period ending Dec 31, 2029 and generally subject to continued employment (F4).
• Beneficial ownership: Kaufman disclaims beneficial ownership except to the extent of his pecuniary interest (F2).
• Filing timeliness: The Form 4 was filed four days after the grant (filed Mar 17 for Mar 13 transaction), which appears later than the typical two business‑day reporting deadline for Form 4s.

Context

• These awards are standard executive compensation and do not reflect a market purchase or sale. Performance RSUs only convert to shares if specified targets are met and the recipient remains employed, so immediate economic exposure is limited.
• For retail investors, grants signal management compensation alignment with long‑term goals but are not the same signal as an insider buying shares outright.