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Walker & Dunlop (WD) EVP awarded 97.799 dividend equivalent rights tied to RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Walker & Dunlop, Inc. executive Daniel J. Groman reported an acquisition of 97.799 dividend equivalent rights tied to his existing restricted stock units. Each right is economically equivalent to one share of common stock and will vest proportionately with the related restricted stock units, bringing his reported balance to 382.945 dividend equivalent rights.

Positive

  • None.

Negative

  • None.
Insider Groman Daniel J
Role EVP, GC, Secretary & CCO
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 97.799 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 382.945 shares (Direct, null)
Footnotes (1)
  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.
Dividend equivalent rights granted 97.799 rights Grant on 2026-06-04 to Daniel J. Groman
Dividend equivalent rights after grant 382.945 rights Total derivative position following transaction
Price per dividend equivalent right $0.00 Grant/award acquisition, no purchase price
Underlying common stock per right 1 share per right Each right economically equals one common share
Underlying shares for this grant 97.799 shares Common stock underlying the new dividend equivalent rights
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, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock; underlying_security_shares: 97.7990"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, GC, Secretary & CCO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)06/04/2026A97.799 (2) (2)Common Stock97.799$0382.945D
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 Eckstein, Attorney-in-fact06/08/2026
** Signature of Reporting PersonDate
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 did Walker & Dunlop (WD) executive Daniel Groman report on this Form 4?

Daniel J. Groman reported receiving 97.799 dividend equivalent rights linked to restricted stock units. These awards are compensation-related, carry no purchase price, and increase his total reported dividend equivalent rights position to 382.945, all tied to Walker & Dunlop common stock.

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

Dividend equivalent rights are awards economically equivalent to one share of Walker & Dunlop common stock. They accrue on restricted stock units and mimic dividends that would have been paid on underlying shares, vesting on the same schedule as the related restricted stock units.

How many dividend equivalent rights does Daniel Groman hold after this transaction?

After receiving 97.799 additional dividend equivalent rights, Daniel J. Groman’s reported balance is 382.945 rights. All of these rights are tied to Walker & Dunlop restricted stock units and are structured to vest proportionately with the underlying restricted stock unit awards over time.

Did Daniel Groman buy or sell Walker & Dunlop (WD) shares in this filing?

No open-market buy or sell transactions are reported. The Form 4 shows a grant of 97.799 dividend equivalent rights as compensation, with a price per right of $0.00, rather than a purchase or sale of Walker & Dunlop common stock in the market.

How do the dividend equivalent rights in this WD filing vest?

The dividend equivalent rights vest proportionately with the restricted stock units to which they relate. As each underlying restricted stock unit vests, a corresponding portion of the associated dividend equivalent rights also vests, aligning the timing of these awards with the original equity grants.

What is the exercise or conversion price for the dividend equivalent rights reported by WD?

The dividend equivalent rights have a stated conversion or exercise price of $0.00 per right. This reflects that they are compensation awards, not options requiring a cash payment to convert, and are economically equivalent to shares of Walker & Dunlop common stock when vested.