Wachter Kevin 4

What Happened

• Kevin Wachter, EVP, Asset Finance & Treasury of Arbor Realty Trust (ABR), was granted 64,432 shares under the company's 2024 Amended Omnibus Stock Incentive Plan on 2026-03-13. The filing shows 8,656 shares were withheld to satisfy tax-withholding obligations at $7.67 per share (proceeds/value = $66,392). The grant vests in thirds (one-third vested on the grant date, one-third in one year, one-third in two years).

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (timely).
• Grant: 64,432 shares (transaction code A; grant under 2024 Amended Omnibus Stock Incentive Plan).
• Tax withholding: 8,656 shares withheld at $7.67/share for $66,392 (transaction code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = vesting schedule (1/3 now, 1/3 in 1 year, 1/3 in 2 years). F2 = shares withheld to satisfy tax obligations.
• This was an equity award/vesting event, not an open-market purchase or a personal sale.

Context

• This appears to be a routine equity grant and tax-withholding event: one-third of the award vested immediately and some of those vested shares were surrendered to cover taxes (common practice). The withholding constitutes a disposition of shares for tax purposes, not a market sale indicating directional insider sentiment.