Form 4: Arbor Realty Trust Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dennis van der Reis, EVP at Arbor Realty Trust, disposed of 1,154 shares to cover tax obligations related to vesting common stock.
Summary
- Dennis van der Reis, an Executive Vice President at Arbor Realty Trust, filed a Form 4 with the SEC.
- The form reports a transaction on March 11, 2024, where 1,154 shares of common stock were disposed of.
- The shares were withheld by the company to satisfy tax-withholding obligations related to the vesting of previously granted common stock.
- The price per share was $12.88.
- Following the transaction, van der Reis beneficially owns 122,320 shares of Arbor Realty Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction appears to be a standard tax-related stock disposal.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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