Natalone John

SEC source: 0001104659-26-091119 · tm2622214-2_4seq1.xml · derivative · entry 4

Natalone John · CIK 0001696122 · Director · EVP

10b5-1 filing: No plan indicated

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 327,335

Underlying: Common Stock, par value $0.01 per share · 375,000 shares

Expires not disclosed

F3 · derivative.exercise_price: Not applicable.

F1 · kind: On August 5, 2026, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased 375,000 Partnership Common Units and Special Voting Preferred Stock with a fair value of approximately $1.9 million from this trust that was set up for estate planning purposes and administered by an independent trustee. The trustee of the trust engaged an external third party valuation firm to assist the trust in deriving the fair market value, which was determined to be $5.17 per share.

F1 · price: On August 5, 2026, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased 375,000 Partnership Common Units and Special Voting Preferred Stock with a fair value of approximately $1.9 million from this trust that was set up for estate planning purposes and administered by an independent trustee. The trustee of the trust engaged an external third party valuation firm to assist the trust in deriving the fair market value, which was determined to be $5.17 per share.

F3 · derivative.expiration_date: Not applicable.

F2 · derivative.underlying_shares: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone has voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone has voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-26-091119 · tm2622214-2_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · Director · EVP

10b5-1 filing: No plan indicated

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 327,335

F1 · kind: On August 5, 2026, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased 375,000 Partnership Common Units and Special Voting Preferred Stock with a fair value of approximately $1.9 million from this trust that was set up for estate planning purposes and administered by an independent trustee. The trustee of the trust engaged an external third party valuation firm to assist the trust in deriving the fair market value, which was determined to be $5.17 per share.

F1 · price: On August 5, 2026, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased 375,000 Partnership Common Units and Special Voting Preferred Stock with a fair value of approximately $1.9 million from this trust that was set up for estate planning purposes and administered by an independent trustee. The trustee of the trust engaged an external third party valuation firm to assist the trust in deriving the fair market value, which was determined to be $5.17 per share.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone has voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-25-019158 · tm257850-3_4seq1.xml · derivative · entry 6

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,674

Underlying: Common Stock, par value $0.01 per share · 113,636 shares

Expires not disclosed

F1 · derivative.exercise_price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · kind: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F2 · derivative.exercise_date: Not applicable

F2 · derivative.expiration_date: Not applicable

SEC source: 0001104659-25-019158 · tm257850-3_4seq1.xml · derivative · entry 5

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,310

Underlying: Common Stock, par value $0.01 per share · 113,636 shares

Expires not disclosed

F1 · derivative.exercise_price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · kind: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F2 · derivative.exercise_date: Not applicable

F2 · derivative.expiration_date: Not applicable

SEC source: 0001104659-25-019158 · tm257850-3_4seq1.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,674

F1 · kind: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

SEC source: 0001104659-25-019158 · tm257850-3_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,310

F1 · kind: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

F1 · price: On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.

SEC source: 0001104659-24-033955 · tm248282-3_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 108,373

F1 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of previously granted common stock.

SEC source: 0001104659-23-113411 · tm2329537-2_4seq1.xml · derivative · entry 4

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 702,335

Underlying: Common Stock, par value $0.01 per share · 702,335 shares

Expires not disclosed

F3 · derivative.exercise_price: Not applicable.

F1 · kind: On October 30, 2023, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased these shares/units from The KFT 2018 NY Trust, which is an estate planning vehicle set up for the benefit of his immediate family members.

F3 · derivative.expiration_date: Not applicable.

F2 · derivative.underlying_shares: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-23-113411 · tm2329537-2_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: No plan indicated

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 702,335

F1 · kind: On October 30, 2023, Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman, purchased these shares/units from The KFT 2018 NY Trust, which is an estate planning vehicle set up for the benefit of his immediate family members.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of Mr. Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-23-032368 · tm238302-10_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,583

F1 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of previously granted common stock.

SEC source: 0001104659-22-034086 · tm228948-23_4seq1.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 110,792

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-22-034086 · tm228948-23_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 112,001

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2020 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-22-032521 · tm228948-7_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,895

F1 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-21-140077 · tm2133116-3_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,154

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 4, 2021 public offering of 7,500,000 shares of common stock (the "Offering") to purchase an aggregate of 20,000 shares of the Company's common stock held by Mr. Natalone for $19.48 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-21-054527 · tm2113883-2_4seq1.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 129,154

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its March 30, 2021 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 100,000 shares of the Company's common stock held by Mr. Natalone for $15.48 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-21-034472 · a4.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 229,154

F1 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-21-034472 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,239

F1 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-132494 · a4.xml · derivative · entry 7

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 782,496

Underlying: Common Stock, par value $0.01 per share · 40,599 shares

Expires not disclosed

F3 · derivative.exercise_price: Not applicable.

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F3 · derivative.exercise_date: Not applicable.

F3 · derivative.expiration_date: Not applicable.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of the Company's Chief Executive Officer, Ivan Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-20-132494 · a4.xml · nonDerivative · entry 4

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 782,496

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of the Company's Chief Executive Officer, Ivan Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-20-132494 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Indirect · By: The KFT 2018 NY Trust

Disclosed balance after: 100,000

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F2 · balance_after: These estate planning vehicles were set up for the benefit of the immediate family of the Company's Chief Executive Officer, Ivan Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 3

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 240,325

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 245,016

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 249,101

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 4

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 236,782

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-19-016855 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasurer and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 224,079

F1 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Natalone's common stock.

SEC source: 0001104659-19-014355 · a4.xml · nonDerivative · entry 3

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 227,993

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Natalone's common stock.

SEC source: 0001104659-19-014355 · a4.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 231,246

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Natalone's common stock.

SEC source: 0001104659-19-014355 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,703

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-18-017222 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 209,926

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001209191-17-022404 · doc4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 181,190

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2014 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.