Walker & Dunlop director granted 3,096 stock units

Pinkus Gary S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Pinkus Gary S reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop director Gary S. Pinkus received a grant of 3,096 deferred stock units. These units were awarded at no cash cost as director compensation and each unit represents one share of common stock. The award will vest on the one-year anniversary of the grant date and then be settled in Walker & Dunlop common shares in accordance with the company’s Deferred Compensation Plan for Non-Employee Directors.

Insider Trade Summary

Grant/Award: 3,096 shares

Grant/Award 1 txn

Insider Pinkus Gary S

Role Director

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

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

Footnotes (2)

1. F1. Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
2. F2. 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 Transaction price per unit: $0.0000 Deferred stock units after grant: 3,096 units +1 more

4 metrics

Deferred stock units granted 3,096 units Grant to director Gary S. Pinkus on May 19, 2026

Transaction price per unit $0.0000 Equity compensation, not a cash purchase

Deferred stock units after grant 3,096 units Total deferred stock units held following transaction

Underlying common stock 3,096 shares Each deferred stock unit equals one common share

Key Terms

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

3 terms

Deferred Stock Units financial

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

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

"selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan")"

vest financial

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

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.

FAQ

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

What insider transaction did Walker & Dunlop (WD) report for Gary S. Pinkus?

Walker & Dunlop reported that director Gary S. Pinkus received 3,096 deferred stock units as a grant. These units are a form of equity compensation, not an open-market purchase or sale of existing shares.

How many deferred stock units did the Walker & Dunlop (WD) director receive?

Gary S. Pinkus received 3,096 deferred stock units linked to Walker & Dunlop common stock. After this grant, his total reported holdings of these deferred stock units are 3,096, all tied to future settlement in common shares.

Do the Walker & Dunlop (WD) deferred stock units equal common shares?

Each deferred stock unit represents the right to receive one share of Walker & Dunlop common stock. This one-for-one relationship is specified, so 3,096 deferred stock units correspond to 3,096 common shares upon settlement after vesting.

When do Gary S. Pinkus’s Walker & Dunlop (WD) deferred stock units vest?

The deferred stock units granted to Gary S. Pinkus 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.

Was there any cash paid for the Walker & Dunlop (WD) deferred stock unit grant?

No cash was paid for this grant; the transaction price per deferred stock unit was reported as 0.0000. The award represents equity-based compensation for director service rather than a cash purchase of Walker & Dunlop shares.

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

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Accepted by SEC EDGAR 05/21/2026 - 05:23 PM EDT 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^*

Pinkus Gary S

(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)