LAZAR MELVIN F 4

What Happened

Melvin F. Lazar, a director of Arbor Realty Trust, 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 (15,141 shares; reported value $0), reflecting an equity award rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely filing).
• Award: 15,141 RSUs recorded as an "A" (award/grant) at $0.00 per share on the Form 4.
• Shares owned after transaction: not specified in the provided transaction summary.
• Footnote: Mr. Lazar elected to defer receipt of the common stock into which the RSUs convert until his director service terminates, or sooner upon a change in control, under a pre-established deferral election.
• Transaction type: Compensation award (derivative), not a purchase or sale.

Context

RSUs are equity compensation that convert into common stock in the future; because these RSUs are deferred, no shares were immediately issued to Mr. Lazar. Such grants are routine director compensation and do not by themselves indicate insider buying or selling intent.