Walker & Dunlop (WD) CFO receives 67.857 dividend equivalent rights as equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Florkowski Gregory reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop EVP & CFO Gregory Florkowski reported a routine compensation-related transaction. He received 67.857 dividend equivalent rights on June 4, 2026, each economically equivalent to one share of common stock. These rights accrued on his existing restricted stock units and will vest proportionately with those units. Following this grant, he directly holds 248.005 dividend equivalent rights. This is not an open-market stock purchase or sale, but an automatic award tied to prior equity grants.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Florkowski Gregory

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	67.857	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 248.005 shares (Direct, null)

Footnotes (1)

Each dividend equivalent right is the economic equivalent of one share of common stock of the Company. 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: 67.857 rights Dividend equivalent rights after transaction: 248.005 rights Transaction code: A (Grant, award, or other acquisition) +1 more

4 metrics

Dividend equivalent rights granted 67.857 rights Grant on June 4, 2026 to EVP & CFO

Dividend equivalent rights after transaction 248.005 rights Total direct holdings after grant

Transaction code A (Grant, award, or other acquisition) Characterizes the nature of the acquisition

Underlying security 67.857 shares common stock equivalent Each right economically equals one WD share

Key Terms

Dividend Equivalent Rights, restricted stock units, grant/award acquisition

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.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:16 PM

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^*

Florkowski Gregory

(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 & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	06/04/2026		A		67.857		⁽²⁾	⁽²⁾	Common Stock	67.857	$0	248.005	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	06/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Walker & Dunlop (WD) report for Gregory Florkowski?

Walker & Dunlop’s EVP & CFO Gregory Florkowski reported receiving 67.857 dividend equivalent rights on June 4, 2026. These rights are a routine compensation-related award linked to his existing restricted stock units rather than an open-market stock purchase or sale.

How many dividend equivalent rights did WD’s CFO receive and now hold?

Gregory Florkowski received 67.857 new dividend equivalent rights, bringing his direct holdings to 248.005 rights. Each dividend equivalent right is economically equivalent to one share of Walker & Dunlop common stock, according to the Form 4 footnotes.

What are dividend equivalent rights in the Walker & Dunlop (WD) Form 4?

Dividend equivalent rights are awards that mirror the economic value of Walker & Dunlop common stock dividends. Each right equals one share economically and accrues on restricted stock units, vesting proportionately with the related RSUs rather than trading as open-market stock.

Is the WD CFO’s Form 4 transaction a stock buy or sell in the market?

The transaction is not a market buy or sell. It reflects a grant of 67.857 dividend equivalent rights as compensation, coded as an acquisition (A) and tied to existing restricted stock units, rather than an open-market trade in Walker & Dunlop shares.

How do the WD dividend equivalent rights vest for the CFO’s award?

The dividend equivalent rights accrue on restricted stock units already held by the CFO and vest proportionately with those RSUs. This means the rights follow the same vesting schedule as the underlying restricted stock units, according to the Form 4 footnotes.