Katz Steve 4

What Happened

• Steve Katz, EVP and Chief Investment Officer of Arbor Realty Trust (ABR), received a grant of 74,097 shares under the company's 2024 Amended Omnibus Stock Incentive Plan. One-third of the award vested on the grant date.
• To satisfy tax-withholding obligations, the company withheld 12,609 shares on 2026-03-13 and 17,832 shares in two withholdings on 2026-03-14 (11,189 and 6,643). Those withheld shares were reported as dispositions at $7.67 per share, totaling $96,711, $85,820, and $50,952 respectively (aggregate ~$233,483).
• Net shares remaining to Mr. Katz after withholding: 74,097 − 30,441 = 43,656 shares (as implied by the reported grant and withholding).

Key Details

• Transaction dates and prices:
  • Award (A): 74,097 shares granted on 2026-03-13 (no per-share price for award).
  • Tax-withholding (F): 12,609 shares @ $7.67 on 2026-03-13 ( $96,711 ); 11,189 shares @ $7.67 on 2026-03-14 ( $85,820 ); 6,643 shares @ $7.67 on 2026-03-14 ( $50,952 ).
  • Total value of withheld shares: $233,483.
• Net shares retained by insider after withholding: 43,656 (74,097 granted − 30,441 withheld).
• Notable footnotes:
  • F1: Grant made under 2024 Amended Omnibus Stock Incentive Plan; one-third vested on grant date, one-third in one year, one-third in two years.
  • F2: Withheld shares were retained by the company to satisfy tax withholding.
• Filing timeliness: Form 4 filed 2026-03-17 reporting transactions on 2026-03-13 and 2026-03-14; filing appears to be timely.

Context

• This was an equity award (acquisition) with shares withheld to pay taxes—not an open-market sale. Tax withholding (code F) is a routine administrative step and does not necessarily signal a change in conviction or insider sentiment.
• For investors: awards increase insider ownership but withheld shares reduce the immediate net increase; the remaining vested and future vesting tranches will be reported in future filings as they vest.