17 unchanged sentences
To the Stockholders and the Board of Directors of Arbor Realty Trust, Inc.
−Removed: and Subsidiaries
Opinion on Internal Control Over Financial Reporting
1 unchanged sentence
and subsidiaries’ internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria).
−Removed: In our opinion, Arbor Realty Trust, Inc and Subsidiaries (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2023, based on the COSO criteria.
+Added: In our opinion, Arbor Realty Trust, Inc.
+Added: and subsidiaries (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of income, changes in equity and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule listed in the Index at Item 15(a) and our report dated February 21, 2025 expressed an unqualified opinion thereon.
20 unchanged sentences
Directors, Executive Officers and Corporate Governance
+Added: We have an insider trading policy and procedures that govern the purchase, sale and other dispositions of our securities by our directors, officers and employees, as well as by the Company.
+Added: We believe these policies and procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations and applicable listing standards.
+Added: A copy of our Insider Trading Policy is filed with this Annual Report on Form 10-K as Exhibit 19.
Based solely on our review of the copies of such forms received by it, or written representations from certain reporting persons that no filings were required for those persons, we believe that during and with respect to the fiscal year ended December 31, 2024 all filings required by Section 16(a) of the Exchange Act were made timely.
11 unchanged sentences
Exhibits and Financial Statement Schedules
−Removed: (a) and (c) Financial Statements and Schedules.
+Added: (a) Financial Statements and Schedules.
See the index to the consolidated financial statements and schedules included in Item 8 of this report.
+Added: (b) Exhibits.
Exhibit # Description Form Exhibit # Filing Date
33 unchanged sentences
4.8 Description of securities of Arbor Realty Trust, Inc.
−Removed: 10-K 4.13 2/14/2020
4.9 Form of 7.50% Convertible Senior Notes due 2025 (included in Exhibit 4.10).
68 unchanged sentences
10-Q 10.2 5/6/2022
+Added: 10.27 Third Amended and Restated Annual Incentive Agreement, dated April 5, 2024, by and between Arbor Realty Trust, Inc.
+Added: and Ivan Kaufman.
+Added: 10-Q 10.1 5/3/2024
+Added: 19 Insider Trading Polic y.
21.1 List of Significant Subsidiaries of Arbor Realty Trust, Inc.
23.1 Consent of Ernst & Young LLP.
−Removed: 23.2 Consent of Richey, May & Co., LLP.
31.1 Certification of Chief Executive Officer pursuant to Exchange Act Rule 13a-14.
4 unchanged sentences
Clawback Policy.
+Added: 10-K 97 2/20/2024
101.1 Financial statements from the Annual Report on Form 10-K of Arbor Realty Trust, Inc.
33 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.