Walker & Dunlop grants 51.8 dividend rights to HR chief

Walker & Dunlop’s chief HR officer received additional dividend equivalent rights tied to existing restricted stock units, modestly increasing her equity-linked compensation.

Rhea-AI Filing Summary

Walker & Dunlop, Inc. (symbol: WD) is the issuer of record for a Form 4 filing submitted to the SEC. Pryor Paula A. reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop, Inc. (WD) reported that Paula A. Pryor, EVP and Chief HR Officer, received a grant of 51.784 Dividend Equivalent Rights on September 3, 2026. Each right is economically equivalent to one share of common stock and accrued on restricted stock units, vesting proportionately with those units. Following this award, Pryor holds 207.415 Dividend Equivalent Rights directly. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 51.784 shares

Grant/Award 1 txn

Insider Pryor Paula A.

Role EVP and Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1, F2	51.784	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 207.415 contracts (Direct)

Footnotes (2)

1. F1. Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.
2. F2. The dividend equivalent rights accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

Key Figures

Dividend Equivalent Rights granted: 51.784 rights Dividend Equivalent Rights after transaction: 207.415 rights Per-right price: $0.0000 per right +1 more

4 metrics

Dividend Equivalent Rights granted 51.784 rights Grant to Paula A. Pryor on September 3, 2026

Dividend Equivalent Rights after transaction 207.415 rights Total directly held by Paula A. Pryor following the award

Per-right price $0.0000 per right Reported transaction price for the Dividend Equivalent Rights grant

Economic equivalence 1 right per 1 common share equivalent Each Dividend Equivalent Right equals one Walker & Dunlop common share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent

3 terms

Dividend Equivalent Rights financial

"Each dividend equivalent right is the economic equivalent of one share of common stock"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"The dividend equivalent rights accrued on restricted stock units held by the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share of common stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Walker & Dunlop (WD) report for Paula A. Pryor?

Paula A. Pryor, EVP and Chief HR Officer, was awarded 51.784 Dividend Equivalent Rights on September 3, 2026. These rights are linked to her restricted stock units and represent additional equity-based compensation rather than an open-market purchase or sale.

How many Dividend Equivalent Rights does Paula A. Pryor hold after this Form 4 for WD?

After the reported transaction, Paula A. Pryor directly holds 207.415 Dividend Equivalent Rights. Each right is the economic equivalent of one share of Walker & Dunlop common stock and is tied to her outstanding restricted stock units.

What are Dividend Equivalent Rights in the context of Walker & Dunlop (WD)?

Walker & Dunlop discloses that each Dividend Equivalent Right is the economic equivalent of one share of its common stock. These rights accrue on restricted stock units and vest in proportion to the underlying restricted stock units to which they relate.

Were Paula A. Pryor’s WD Dividend Equivalent Rights granted under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so the 51.784 Dividend Equivalent Rights awarded to Paula A. Pryor on September 3, 2026 are not reported as being made under a Rule 10b5-1 trading plan.

Do the new Walker & Dunlop (WD) Dividend Equivalent Rights vest immediately?

No. The company states that the Dividend Equivalent Rights accrue on restricted stock units and vest proportionately with the restricted stock units to which they relate, so their vesting schedule follows that of the underlying RSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 04:33 PM Accepted by SEC EDGAR 09/08/2026 - 04:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pryor Paula A.

(Last) (First) (Middle)

C/O WALKER & DUNLOP, INC.

7272 WISCONSIN AVENUE, SUITE 1300

(Street)

BETHESDA MARYLAND 20814

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walker & Dunlop, Inc. [ WD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief HR Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	09/03/2026		A		51.784		(2)	(2)	Common Stock	51.784	$0	207.415	D

Explanation of Responses:

1. Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

2. The dividend equivalent rights accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

	/s/ Nicholas C. Eckstein, Attorney-in-fact	09/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)