Kilgore Gene 4
Research Summary
AI-generated summary
Arbor Realty (ABR) EVP Gene Kilgore Receives Award; Shares Withheld
What Happened
- Gene Kilgore, Executive Vice President of Arbor Realty Trust (ABR), was granted 38,659 shares under the company's 2024 Amended Omnibus Stock Incentive Plan on March 13, 2026 (award code A).
- To satisfy tax-withholding obligations related to the vesting, the company withheld 16,040 shares in three transactions (code F) on March 13–14, 2026 at $7.67 per share, with reported proceeds/withheld values of $50,461 (6,579 shares), $31,807 (4,147 shares) and $40,758 (5,314 shares), totaling $123,026.
- The grant is subject to a vesting schedule (one‑third vested on grant, one‑third in one year, one‑third in two years) per the filing footnote.
Key Details
- Transaction dates and prices: Grant on 2026-03-13 (no price reported); tax-withholding dispositions on 2026-03-13 (6,579 sh), 2026-03-14 (4,147 sh and 5,314 sh) at $7.67/share.
- Shares withheld for taxes: 16,040 shares withheld (total value reported ~$123,026).
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnotes: F1 — grant under 2024 Amended Omnibus Stock Incentive Plan with 1/3 immediate vesting and further vesting over 2 years. F2 — withheld shares satisfy tax-withholding on vesting.
- Timeliness: Filing dated 2026-03-17 for transactions on 2026-03-13–14; this appears to be filed after the standard two-business-day reporting window.
Context
- These transactions reflect an equity award with company withholding to cover taxes, not open-market sales; withholding is a routine administrative step and does not necessarily indicate the insider is selling for investment reasons.
- For retail investors: awards increase potential insider alignment with shareholders over time as remaining portions vest; withheld shares reduce the net shares received immediately.