Director at Walker & Dunlop (NYSE: WD) awarded 3,096 deferred units

Rhea-AI Filing Summary

Wells Donna reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop, Inc. director Donna Wells received a grant of 3,096 deferred stock units. Each unit represents the right to receive one share of Walker & Dunlop common stock. The units vest on the one-year anniversary of the grant date and will be settled in common shares under the company’s Deferred Compensation Plan for Non-Employee Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wells Donna

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	3,096	$0.00	--

Holdings After Transaction: Deferred Stock Units — 3,096 shares (Direct, null)

Footnotes (1)

1. Each deferred stock unit represents the right to receive one share of common stock of the Issuer. The deferred stock units will vest on the one year anniversary of the date of grant and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"), or (ii) as otherwise provided by the Plan.

Key Figures

Deferred stock units granted: 3,096 units Grant price: $0.0000 per unit Units outstanding after grant: 3,096 units +1 more

4 metrics

Deferred stock units granted 3,096 units Grant to director Donna Wells on May 19, 2026

Grant price $0.0000 per unit Equity compensation, no cash paid by director

Units outstanding after grant 3,096 units Total deferred stock units held after reported transaction

Underlying common stock 3,096 shares Each unit is convertible into one Walker & Dunlop common share

Key Terms

Deferred Stock Units, Deferred Compensation Plan for Non-Employee Directors, vest

3 terms

Deferred Stock Units financial

"security_title: Deferred Stock Units"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Deferred Compensation Plan for Non-Employee Directors financial

"pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors"

vest financial

"The deferred stock units will vest on the one year anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

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^*

Wells Donna

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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
Deferred Stock Units	(1)	05/19/2026		A		3,096		(2)	(2)	Common Stock	3,096	$0	3,096	D

Explanation of Responses:

1. Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

2. The deferred stock units will vest on the one year anniversary of the date of grant and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"), or (ii) as otherwise provided by the Plan.

	/s/ Nicholas C. Eckstein, Attorney-in-fact	05/21/2026
	** 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)

FAQ

What insider transaction did Walker & Dunlop (WD) report for Donna Wells?

Walker & Dunlop reported that director Donna Wells received 3,096 deferred stock units as a grant. These units are a form of equity compensation that convert into common shares in the future, aligning director interests with long-term shareholder value.

How many deferred stock units did Donna Wells receive from Walker & Dunlop (WD)?

Donna Wells received a grant of 3,096 deferred stock units from Walker & Dunlop. After this Form 4 transaction, her reported holdings in this award total 3,096 units, all linked to future delivery of an equal number of common shares.

What does each deferred stock unit represent at Walker & Dunlop (WD)?

Each deferred stock unit represents the right to receive one share of Walker & Dunlop common stock. This structure means the director’s compensation is tied directly to the company’s share value when the units settle into actual stock.

When do Donna Wells’ Walker & Dunlop (WD) deferred stock units vest?

The deferred stock units granted to Donna Wells vest on the one-year anniversary of the grant date. After vesting, they are settled in Walker & Dunlop common shares according to the company’s Deferred Compensation Plan for Non-Employee Directors.

How will Donna Wells’ Walker & Dunlop (WD) deferred stock units be settled?

Once vested, Donna Wells’ deferred stock units will be settled in shares of Walker & Dunlop common stock. Settlement timing follows either a date she selects or other rules outlined in the Deferred Compensation Plan for Non-Employee Directors.