Walker & Dunlop GC granted 122.824 dividend rights

EVP and General Counsel Daniel J. Groman received additional dividend-equivalent rights tied to his existing restricted stock units at Walker & Dunlop.

Rhea-AI Filing Summary

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

Walker & Dunlop, Inc. reported that executive officer Daniel J. Groman, EVP, General Counsel, Secretary and Chief Compliance Officer, received an award of 122.824 Dividend Equivalent Rights on September 3, 2026. Each right is the economic equivalent of one share of Walker & Dunlop common stock and relates to restricted stock units held by him. These rights accrue as dividends are paid and vest proportionately with the underlying restricted stock units. Following this award, Mr. Groman directly holds a total of 505.769 Dividend Equivalent Rights. No transactions are reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 122.824 shares

Grant/Award 1 txn

Insider Groman Daniel J

Role EVP, GC, Secretary & CCO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1, F2	122.824	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 505.769 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 awarded: 122.824 rights Total Dividend Equivalent Rights after award: 505.769 rights Award price per right: $0.00 per right +1 more

4 metrics

Dividend Equivalent Rights awarded 122.824 rights Award to Daniel J. Groman on September 3, 2026

Total Dividend Equivalent Rights after award 505.769 rights Direct holdings of Daniel J. Groman following the reported transaction

Award price per right $0.00 per right Compensation-related award of Dividend Equivalent Rights on September 3, 2026

Underlying common shares for this award 122.824 shares Each Dividend Equivalent Right corresponds economically to one share of common stock

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 WD report for Daniel J. Groman?

Walker & Dunlop reported that Daniel J. Groman received an award of 122.824 Dividend Equivalent Rights on September 3, 2026, tied to his existing restricted stock units and economically equivalent to the same number of shares of common stock.

How many Dividend Equivalent Rights does the WD executive hold after this Form 4?

After the reported award, Daniel J. Groman directly holds a total of 505.769 Dividend Equivalent Rights, each economically equivalent to one share of Walker & Dunlop common stock.

What are the terms of the Dividend Equivalent Rights reported by WD?

Each Dividend Equivalent Right is the economic equivalent of one share of Walker & Dunlop common stock. The rights accrued on restricted stock units held by Daniel J. Groman and vest proportionately with the restricted stock units to which they relate.

Did the WD insider transaction involve any cash price per right?

The filing reports a per-right price of $0.00 for the 122.824 Dividend Equivalent Rights awarded to Daniel J. Groman, indicating these were compensation-related awards rather than market purchases.

Was the WD insider award made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the transactions were not made pursuant to a Rule 10b5-1 trading plan, as the related affirmation box is unchecked.

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

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Available on EDGAR 09/08/2026 - 04:32 PM Accepted by SEC EDGAR 09/08/2026 - 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^*

Groman Daniel J

(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, GC, Secretary & CCO

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		122.824		(2)	(2)	Common Stock	122.824	$0	505.769	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)