Green William C 4

What Happened

• William C. Green, a director of Arbor Realty Trust, Inc. (ABR), was granted 15,141 fully vested restricted stock units (RSUs) on March 13, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 per share (code A), reflecting a grant of units rather than a cash purchase.
• Mr. Green has elected to defer receipt of the common shares underlying the RSUs until his service as a director ends, or sooner if there is a change in control, per a pre-established deferral election.

Key Details

• Transaction date: March 13, 2026; Form 4 filed: March 17, 2026 (timely within the two-business-day filing window).
• Award: 15,141 fully vested RSUs; reported price $0.00 (typical for RSU grants — no cash paid).
• Shares owned after transaction: not specified in this filing.
• Footnote: Mr. Green’s deferral election (pre-established) delays conversion to common stock until termination of service or upon a change in control.
• Filing appears timely (no late filing flags).

Context

• RSUs are a form of compensation: they represent a right to receive company shares in the future and are not an immediate open-market purchase or sale. Because these RSUs are deferred, no shares were delivered immediately.
• Awards like this are common for directors and reflect compensation rather than a direct buy/sell signal; they do not by themselves indicate the director’s view on near-term stock performance.