Company: ABR-PF
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001628280-25-018236
Chunk: 39

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 39
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. We paid the following cash incentive awards to the NEOs with respect to their performance in 2024:

Our independent directors approved the payment of a $6,049,937 cash bonus to Mr. Kaufman with respect to his work on our behalf during 2024, in accordance with the terms of the 2024 Agreement as described below in “2024 Annual Incentive Agreement.”

Mr. Elenio received an annual cash incentive award of $1,250,000 with respect to his work on our behalf.

Mr. Kilgore received an annual cash incentive award of $1,000,000 for managing our securitization platform.

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Mr. Katz received an annual cash incentive award of $1,465,000 for managing our single-family rental platform.

Mr. van der Reis received an annual cash incentive award of $1,200,000 for managing our servicing and asset management departments.

Stock-Based Incentive Awards

Since the Company’s formation in 2003, the Compensation Committee has granted our NEOs (as well as certain other employees of ours, employees of ACM who provided services to us and our non-management directors) stock awards, consisting of shares of our common stock that may, in the discretion of the Compensation Committee, either: (1) vest annually over a multi-year period, subject to the recipient’s continued service to us; or (2) vest immediately. The recipients of these awards realize value as the common stock underlying the awards vests, with the value increasing if our stock price increases after the date of grant. Additionally, all of the common stock underlying these restricted stock awards, whether or not vested, is entitled to cash dividends paid to our stockholders because we feel that this further aligns the interests of the holders with those of our stockholders generally.

The Compensation Committee believes that stock-based awards must be sufficient in size and value to achieve our goals of both providing a strong, long-term performance and retention incentive for NEOs and other executive officers and increasing their vested interest in the Company. In determining the equity component of an NEO’s and each other executive officer's compensation, the Compensation Committee considers all relevant factors, including the Company’s performance and relative stockholder return, the awards granted in past years and the relative value of the awards.

Stock-Based Awards for 2024 Performance. Consistent with its historical practice of granting annual stock-based awards to the NEOs with respect to their service and performance in the most