Walker & Dunlop CEO granted 50.288 dividend rights

Walker & Dunlop’s chairman and CEO received additional dividend equivalent rights linked to his restricted stock units, modestly increasing his equity-linked compensation.

Rhea-AI Filing Summary

Walker William M reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop, Inc. (WD) reported that Chairman & CEO William M. Walker received a grant of 50.288 dividend equivalent rights on September 3, 2026, tied to his existing restricted stock units. Following this award, he holds a total of 242.1064 dividend equivalent rights, each economically equivalent to one share of common stock and vesting proportionately with the related restricted stock units.

Insider Trade Summary

Grant/Award: 50.288 shares

Grant/Award 1 txn

Insider Walker William M

Role Chairman & CEO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1, F2	50.288	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 242.1064 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: 50.288 rights Dividend equivalent rights following transaction: 242.1064 rights Grant price per right: $0.0000 per right +1 more

4 metrics

Dividend equivalent rights granted 50.288 rights Grant to Chairman & CEO William M. Walker on September 3, 2026

Dividend equivalent rights following transaction 242.1064 rights Total dividend equivalent rights held directly after the reported grant

Grant price per right $0.0000 per right Compensation award, not an open-market purchase

Underlying common stock equivalence 1 share per right Each dividend equivalent right is the economic equivalent of 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"

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

"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"

FAQ

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

What insider transaction did Walker & Dunlop (WD) report for William M. Walker?

Walker & Dunlop reported that Chairman & CEO William M. Walker acquired 50.288 dividend equivalent rights on September 3, 2026, as a grant or award related to his existing restricted stock units.

How many dividend equivalent rights does the Walker & Dunlop (WD) CEO hold after this Form 4 transaction?

After the September 3, 2026 award, William M. Walker holds 242.1064 dividend equivalent rights, each economically equivalent to one share of Walker & Dunlop common stock.

What are the dividend equivalent rights reported for Walker & Dunlop (WD)?

Each dividend equivalent right reported for Walker & Dunlop is the economic equivalent of one share of common stock. These rights accrue on restricted stock units and vest proportionately with the restricted stock units to which they relate.

At what price were the Walker & Dunlop (WD) dividend equivalent rights granted?

The 50.288 dividend equivalent rights granted to William M. Walker on September 3, 2026, were reported at a price of $0.0000 per right, reflecting their nature as a compensation award rather than a market purchase.

Do the Walker & Dunlop (WD) dividend equivalent rights vest immediately?

No. The filing states that the dividend equivalent rights vest proportionately with the restricted stock units to which they relate, matching the vesting schedule of those underlying restricted stock units.

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

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Available on EDGAR 09/08/2026 - 04:34 PM Accepted by SEC EDGAR 09/08/2026 - 04:34 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^*

Walker William M

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

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		50.288		(2)	(2)	Common Stock	50.288	$0	242.1064	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)