Form 4: Arbor Realty Trust CFO Paul Elenio Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul Elenio, CFO of Arbor Realty Trust, reports a transaction involving the withholding of shares to cover tax obligations related to vested common stock.
Summary
- On March 11, 2024, Paul Elenio, the Chief Financial Officer of Arbor Realty Trust Inc. (ABR), reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 4,839 shares by the company to satisfy tax-withholding obligations related to the vesting of previously granted common stock.
- The price per share for the transaction was $12.88.
- Following the transaction, Elenio directly owns 279,960 shares of Arbor Realty Trust Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction involving the withholding of shares for tax obligations. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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