Walker & Dunlop EVP granted dividend equivalents

Walker & Dunlop EVP and Chief HR Officer Paula A. Pryor received a routine equity-related award.

Rhea-AI Filing Summary

Walker & Dunlop EVP and Chief HR Officer Paula A. Pryor received a routine equity-related award. On March 27, she acquired 48.740 dividend equivalent rights tied to existing restricted stock units, with each right economically equivalent to one share of common stock.

The dividend equivalent rights accrued on her restricted stock units and will vest proportionately with those units. Following this grant, she holds a total of 114.397 dividend equivalent rights, reflecting additional stock-based compensation rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 48.74 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	48.74	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 114.397 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: 48.740 rights Dividend equivalent rights after grant: 114.397 rights Exercise/conversion price: $0.0000 per right +1 more

4 metrics

Dividend equivalent rights granted 48.740 rights Grant on March 27, 2026

Dividend equivalent rights after grant 114.397 rights Total holdings following transaction

Exercise/conversion price $0.0000 per right Dividend equivalent rights tied to RSUs

Underlying common stock 48.740 shares Common stock economically mirrored by rights

Key Terms

Dividend Equivalent Rights, restricted stock units, Common Stock

3 terms

Dividend Equivalent Rights financial

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

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 and vest proportionately"

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.

Common Stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What did Walker & Dunlop EVP Paula A. Pryor report in this Form 4 for WD?

Paula A. Pryor reported an acquisition of 48.740 dividend equivalent rights. These rights are linked to her restricted stock units and are economically equivalent to common shares, providing additional stock-based compensation that grows alongside regular dividends.

What are dividend equivalent rights in the Walker & Dunlop (WD) filing?

Dividend equivalent rights are instruments economically equivalent to one share of Walker & Dunlop common stock. They accrue on restricted stock units and mirror dividends, giving the holder similar economic benefit without immediately issuing additional common shares.

How many dividend equivalent rights does Paula A. Pryor hold after this WD transaction?

After the March 27 transaction, Paula A. Pryor holds 114.397 dividend equivalent rights. This total includes the newly acquired 48.740 rights and represents the cumulative economic interests tied to her existing restricted stock unit awards.

Do the dividend equivalent rights in this WD Form 4 vest immediately?

The dividend equivalent rights do not vest immediately. They vest proportionately with the restricted stock units to which they relate, meaning their vesting schedule follows the same timetable as the underlying RSU awards.

Does this Walker & Dunlop Form 4 show an open-market stock purchase or sale?

This Form 4 does not show an open-market purchase or sale. It records a grant of 48.740 dividend equivalent rights, a form of stock-based compensation tied to existing restricted stock units rather than cash transactions in the open market.

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

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Accepted by SEC EDGAR 03/31/2026 - 04:31 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)
03/27/2026

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)	03/27/2026		A		48.74		(2)	(2)	Common Stock	48.74	$0	114.397	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	03/31/2026
	** 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)