LAZAR MELVIN F 4

What Happened

• Melvin F. Lazar, a director of Arbor Realty Trust, received an award of 1,452 fully vested Restricted Stock Units (RSUs) on March 24, 2026. The grant is reported at $7.46 per share, with a total reported value of $10,832. This was recorded as a derivative award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-25 (timely filing).
• Shares/units granted: 1,452 RSUs; reported per-share amount: $7.46; total value: $10,832.
• Transaction type: Award/Grant (derivative RSUs), code A.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The RSUs were granted in lieu of dividend equivalents payable on existing RSUs. Mr. Lazar elected to defer receipt of the underlying common stock (and the dividend equivalents) until his director service ends or sooner upon a change in control, per a pre-established deferral election.
• No sale or purchase of shares occurred in this filing—this is routine equity compensation for a director.

Context

• RSUs are a form of compensation that convert to common shares under specified conditions; because Mr. Lazar elected to defer receipt, he won’t receive the underlying shares (or any cash) until his service terminates or a change in control occurs. Awards like this are common for directors and typically reflect compensation, not an independent bullish or bearish trading signal.