LAZAR MELVIN F 4

What Happened

• Melvin F. Lazar, a director of Arbor Realty Trust, received an award of 1,730 fully vested Restricted Stock Units (RSUs) on June 15, 2026. The filing lists a per-share value of $5.18, for a total reported value of $8,961. This was an award (derivative acquisition), not an open-market purchase or sale.

Key Details

• Transaction date and reported value: 2026-06-15; 1,730 RSUs at $5.18 each, total ~$8,961.
• Transaction code: A (award/grant or other acquisition — derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Lazar received these RSUs in lieu of dividend equivalents on existing RSUs; the RSUs are fully vested but receipt of the underlying common stock is deferred until his director service ends or sooner upon a change in control, per a pre-established deferral election.
• Filing timeliness: Report filed 2026-06-16 (appears timely).

Context

• RSUs are a form of compensation/derivative award; because the stock delivery is deferred, this is not an immediate purchase or sale and does not reflect an active market trade. The dollar value is modest (~$9k), so this is likely routine compensation-related activity rather than a signal of major insider buying or selling.