Arbor Realty Trust (ABR) just unveiled an announcement.
Arbor Realty Trust, Inc. has renewed its incentive agreement with CEO Ivan Kaufman, introducing the 2024 Agreement effective from January 1, 2024, for five years. This new arrangement maintains the structure of the previous 2021 Agreement, offering Kaufman a $1.2 million base salary and performance-based bonuses that could reach up to $5.8 million for maximum achievement. Additionally, it includes both time-based and performance-based equity grants with flexible adjustments, and a GAAP Equity Adjustment which boosts payments by 10% if the company’s GAAP equity grows by at least 25%. The revised agreement also shortens the performance period for equity grants from five to four years.
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