BACON KENNETH J 4
4 · ARBOR REALTY TRUST INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Arbor Realty (ABR) Director Kenneth Bacon Receives RSU Award
What Happened
Kenneth J. Bacon, a director of Arbor Realty Trust, received 357 restricted stock units (RSUs) on June 15, 2026. The RSUs are recorded at $5.18 per share, a notional value of $1,849. This transaction is an award (Form 4 code A) and represents dividend equivalents credited as RSUs rather than a cash dividend.
Key Details
- Transaction date: 2026-06-15; Filing date: 2026-06-16 (timely filing).
- Grant details: 357 fully vested RSUs at $5.18 per share (total ~$1,849). Transaction reported as a derivative award.
- Deferral: Mr. Bacon elected to defer dividend equivalents and the actual receipt of shares until January 1, 2027, or sooner upon a change in control or termination of his director service, per a pre-established deferral election.
- Shares owned after the transaction: not specified in the filing.
- Transaction code: A = Award/Grant; not a purchase or sale.
Context
This was an award of dividend equivalents converted into RSUs and deferred for future stock issuance—common for directors and not an open-market purchase or sale. Because the RSUs are fully vested but deferred, no new tradable shares were delivered to Mr. Bacon at the time of the grant.
Insider Transaction Report
Form 4
BACON KENNETH J
Director
Transactions
- Award
Restricted Stock Units
[F1]2026-06-15$5.18/sh+357$1,849→ 30,290 total→ Common Stock, par value $0.01 per share (357 underlying)
Footnotes (1)
- [F1]On June 15, 2026, Mr. Bacon received 357 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. in lieu of the dividend equivalent due on the portion of Mr. Bacon's existing RSUs in which he made such election. Mr. Bacon has elected to defer his dividend equivalents and receipt of the common stock into which the RSUs are converted until January 1, 2027, or sooner upon a change in control or his service as a director is terminated, pursuant to a pre-established deferral election.
Signature
/s/ John Bishar, Attomey-in-Fact for Kenneth J. Bacon|2026-06-16