Arbor Realty Trust CEO Kaufman gets new incentive agreement: $1.2M salary, performance cash bonus up to $5.85M

ARBOR REALTY TRUST INC

Third Amended and Restated Annual Incentive Agreement with CEO Ivan Kaufman effective Jan 1, 2024, term through Dec 31, 2028.
Base salary $1.2M; annual cash payment $1.171M; target performance cash bonus $3.897M, maximum $5.846M.
Long-term equity: time-based grant $2.2M, performance-based grant $8.8M (each ~half of 2021 amounts after GAAP equity adjustments).
Performance period for equity grant shortened to four years (from five in prior agreement).
Additional bonus of $0.974M available for extraordinary corporate capital growth; GAAP Equity Adjustment clause retained.

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