Form 4: Arbor Realty Trust Executive VP Gianni Ottaviano Reports Stock Transaction
SEC Form 4 Filing
Gianni Ottaviano, Executive VP of Structured Finance Products at Arbor Realty Trust, reports the withholding of shares to cover tax obligations related to vesting common stock.
Summary
- On March 11, 2024, Gianni Ottaviano, Executive VP of Structured Finance Products at Arbor Realty Trust, had 2,051 shares of common stock withheld by the company to cover tax obligations.
- The shares were withheld at a price of $12.88 per share.
- Following the transaction, Ottaviano directly owns 129,654 shares of Arbor Realty Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction (tax withholding) |
| 03/13/2024 | Date of signature on the Form 4 filing |
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