Form 4: Arbor Realty Trust Director Transfers Beneficial Ownership of Special Voting Preferred Stock

Joseph Martello, a director of Arbor Realty Trust, transferred his indirect interest in 82,902 shares of Special Voting Preferred Stock and Partnership Common Units to The Living Trust of Maria Martello.

Summary

• Joseph Martello, a director at Arbor Realty Trust, filed a Form 4 indicating changes in his beneficial ownership.
• On November 7, 2024, Mr. Martello transferred his indirect interest in 82,902 shares of Special Voting Preferred Stock and Partnership Common Units held by The Living Trust of Joseph Martello to The Living Trust of Maria Martello, a trust set up by his spouse, for no consideration.
• Following the transaction, The Living Trust of Maria Martello now indirectly holds 82,902 shares of Special Voting Preferred Stock and Partnership Common Units.
• Mr. Martello also has indirect beneficial ownership through The KFT 2018 NY Trust (702,335 shares) and The KFT DT LLC (3,000,000 shares), trusts set up for the benefit of the immediate family of the Company's Chief Executive Officer, Ivan Kaufman, but disclaims beneficial ownership over these securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Related Party Transactions

• The transfer of shares from Joseph Martello's trust to his spouse's trust constitutes a related party transaction.

Stakeholder Impact

• The transfer of shares does not appear to have a significant impact on stakeholders.

Key Dates