STOCK TITAN

[Form 4] Walker & Dunlop, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Daniel J. Groman, EVP, General Counsel, Secretary & CCO of Walker & Dunlop, Inc. (WD), reported a Form 4 disclosing accrual of 30.686 dividend equivalent rights tied to restricted stock units on 09/05/2025. The filing shows these dividend equivalent rights are the economic equivalent of one share each and vest proportionately with the underlying restricted stock units. After the reported transaction the filing lists 126.708 shares beneficially owned in a direct form. The Form 4 was signed by an attorney-in-fact on 09/09/2025. No cash price was paid for the rights (listed as $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO di Walker & Dunlop, Inc. (WD), ha presentato un Form 4 che dichiara l'accumulo di 30.686 diritti equivalenti a dividendo collegati a restricted stock unit il 09/05/2025. Il documento specifica che questi diritti equivalenti a dividendo corrispondono economicamente a una azione ciascuno e maturano in proporzione alle restricted stock unit sottostanti. Dopo la transazione riportata, nel filing risultano 126.708 azioni possedute in forma diretta. Il Form 4 è stato firmato da un procuratore il 09/09/2025. Non è stato pagato alcun prezzo in contanti per i diritti (indicato come $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO de Walker & Dunlop, Inc. (WD), presentó un Form 4 que revela la acumulación de 30.686 derechos equivalentes a dividendos vinculados a unidades de acciones restringidas el 09/05/2025. El informe indica que estos derechos equivalentes a dividendos son económicamente equivalentes a una acción cada uno y devengan proporcionalmente con las unidades subyacentes. Tras la operación reportada, el filing lista 126.708 acciones en propiedad directa. El Form 4 fue firmado por un apoderado el 09/09/2025. No se pagó precio en efectivo por los derechos (indicado como $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO of Walker & Dunlop, Inc. (WD)는 2025-09-05에 제한부 주식 단위에 연결된 30.686 배당금 등가권이 발생했음을 공시한 Form 4를 제출했습니다. 해당 서류에는 이 배당금 등가권이 각각 1주와 경제적으로 동일하며 기초 제한부 주식 단위에 따라 비례적으로 취득된다고 명시되어 있습니다. 보고된 거래 후에는 서류에 126.708주를 직접 보유하고 있는 것으로 기재되어 있습니다. Form 4는 2025-09-09에 법률대리인이 서명했습니다. 등가권에 대해 현금 대금은 지급되지 않았습니다(금액 $0로 기재).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO de Walker & Dunlop, Inc. (WD), a déposé un Form 4 révélant l'accumulation de 30.686 droits équivalents aux dividendes liés à des restricted stock units le 09/05/2025. Le document précise que ces droits équivalents aux dividendes valent économiquement une action chacun et acquièrent des droits proportionnellement aux restricted stock units sous-jacentes. Après la transaction déclarée, le filing indique 126.708 actions détenues en forme directe. Le Form 4 a été signé par un mandataire le 09/09/2025. Aucun prix en espèces n'a été payé pour ces droits (indiqué $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO von Walker & Dunlop, Inc. (WD), reichte ein Form 4 ein, das die Ansammlung von 30.686 dividendenäquivalenten Rechten im Zusammenhang mit Restricted Stock Units am 09/05/2025 offenlegt. Die Einreichung weist aus, dass diese dividendenäquivalenten Rechte wirtschaftlich jeweils einer Aktie entsprechen und anteilig mit den zugrundeliegenden Restricted Stock Units vesten. Nach der gemeldeten Transaktion listet die Einreichung 126.708 Aktien, die direkt gehalten werden. Das Form 4 wurde am 09/09/2025 von einem Bevollmächtigten unterzeichnet. Für die Rechte wurde kein Barpreis gezahlt (als $0 angegeben).

Positive
  • Transparent disclosure of compensation-related accruals by a senior officer
  • Dividend equivalent rights clearly tied to RSUs and vest proportionately, clarifying future equity economics
Negative
  • None.

Insights

TL;DR: Routine insider reporting of dividend-equivalent accruals on restricted stock units; no sale or external transfer disclosed.

The Form 4 documents an accrual of dividend equivalent rights tied to RSUs for a senior officer, which is standard compensation-related activity and not a market-facing disposition. The report clarifies that these rights vest with the underlying RSUs and carry economic value equivalent to shares, but are recorded with a $0 price because they are not separate cash purchases. This disclosure maintains transparency around executive equity compensation and potential future dilution when RSUs vest.

TL;DR: Non-cash accrual increases reported beneficial ownership modestly; no trading or liquidity event indicated.

The filing shows an addition of 30.686 dividend equivalent rights and a post-transaction beneficial ownership figure of 126.708 shares (direct). Because the instrument is a dividend equivalent tied to RSUs and listed at $0, there is no immediate cash flow or market transaction. For investors, this is a disclosure of compensation accounting rather than a signal of insider buying or selling.

Daniel J. Groman, EVP, General Counsel, Secretary & CCO di Walker & Dunlop, Inc. (WD), ha presentato un Form 4 che dichiara l'accumulo di 30.686 diritti equivalenti a dividendo collegati a restricted stock unit il 09/05/2025. Il documento specifica che questi diritti equivalenti a dividendo corrispondono economicamente a una azione ciascuno e maturano in proporzione alle restricted stock unit sottostanti. Dopo la transazione riportata, nel filing risultano 126.708 azioni possedute in forma diretta. Il Form 4 è stato firmato da un procuratore il 09/09/2025. Non è stato pagato alcun prezzo in contanti per i diritti (indicato come $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO de Walker & Dunlop, Inc. (WD), presentó un Form 4 que revela la acumulación de 30.686 derechos equivalentes a dividendos vinculados a unidades de acciones restringidas el 09/05/2025. El informe indica que estos derechos equivalentes a dividendos son económicamente equivalentes a una acción cada uno y devengan proporcionalmente con las unidades subyacentes. Tras la operación reportada, el filing lista 126.708 acciones en propiedad directa. El Form 4 fue firmado por un apoderado el 09/09/2025. No se pagó precio en efectivo por los derechos (indicado como $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO of Walker & Dunlop, Inc. (WD)는 2025-09-05에 제한부 주식 단위에 연결된 30.686 배당금 등가권이 발생했음을 공시한 Form 4를 제출했습니다. 해당 서류에는 이 배당금 등가권이 각각 1주와 경제적으로 동일하며 기초 제한부 주식 단위에 따라 비례적으로 취득된다고 명시되어 있습니다. 보고된 거래 후에는 서류에 126.708주를 직접 보유하고 있는 것으로 기재되어 있습니다. Form 4는 2025-09-09에 법률대리인이 서명했습니다. 등가권에 대해 현금 대금은 지급되지 않았습니다(금액 $0로 기재).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO de Walker & Dunlop, Inc. (WD), a déposé un Form 4 révélant l'accumulation de 30.686 droits équivalents aux dividendes liés à des restricted stock units le 09/05/2025. Le document précise que ces droits équivalents aux dividendes valent économiquement une action chacun et acquièrent des droits proportionnellement aux restricted stock units sous-jacentes. Après la transaction déclarée, le filing indique 126.708 actions détenues en forme directe. Le Form 4 a été signé par un mandataire le 09/09/2025. Aucun prix en espèces n'a été payé pour ces droits (indiqué $0).

Daniel J. Groman, EVP, General Counsel, Secretary & CCO von Walker & Dunlop, Inc. (WD), reichte ein Form 4 ein, das die Ansammlung von 30.686 dividendenäquivalenten Rechten im Zusammenhang mit Restricted Stock Units am 09/05/2025 offenlegt. Die Einreichung weist aus, dass diese dividendenäquivalenten Rechte wirtschaftlich jeweils einer Aktie entsprechen und anteilig mit den zugrundeliegenden Restricted Stock Units vesten. Nach der gemeldeten Transaktion listet die Einreichung 126.708 Aktien, die direkt gehalten werden. Das Form 4 wurde am 09/09/2025 von einem Bevollmächtigten unterzeichnet. Für die Rechte wurde kein Barpreis gezahlt (als $0 angegeben).

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*
Groman Daniel J

(Last) (First) (Middle)
C/O WALKER & DUNLOP, INC.
7272 WISCONSIN AVENUE, SUITE 1300

(Street)
BETHESDA MD 20814

(City) (State) (Zip)
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, GC, Secretrary & CCO
3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 09/05/2025 A 30.686 (2) (2) Common Stock 30.686 $0 126.708 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 Eckstein, Attorney-in-fact 09/09/2025
** 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.

FAQ

What did Daniel J. Groman report on the Form 4 for Walker & Dunlop (WD)?

He reported accrual of 30.686 dividend equivalent rights tied to restricted stock units on 09/05/2025 and a total of 126.708 shares beneficially owned following the transaction.

Does the Form 4 show any cash purchase or sale by the reporting person?

No. The filing lists the price as $0, indicating these are non-cash dividend equivalent rights accrued on RSUs rather than a market purchase or sale.

What is the nature of the dividend equivalent rights disclosed?

The filing states each dividend equivalent right is the economic equivalent of one share of common stock and that they vest proportionately with the related restricted stock units.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Nicholas Eckstein, Attorney-in-fact on 09/09/2025.

What position does the reporting person hold at Walker & Dunlop?

The reporting person, Daniel J. Groman, is listed as EVP, General Counsel, Secretary & Chief Compliance Officer and a director.
Walker & Dunlop Inc

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