Walker & Dunlop (NYSE: WD) EVP awarded 41.234 dividend equivalent rights

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Walker & Dunlop, Inc. executive Paula A. Pryor, EVP and Chief HR Officer, reported an acquisition of 41.234 dividend equivalent rights on June 4, 2026. Each right is economically equivalent to one share of common stock and is tied to existing restricted stock units, bringing her total dividend equivalent rights to 155.631.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pryor Paula A.

Role EVP and Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	41.234	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 155.631 shares (Direct, null)

Footnotes (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.

Key Figures

Dividend equivalent rights granted: 41.234 rights Dividend equivalent rights after transaction: 155.631 rights Stated price per dividend equivalent right: $0.0000 per right +1 more

4 metrics

Dividend equivalent rights granted 41.234 rights Grant on June 4, 2026

Dividend equivalent rights after transaction 155.631 rights Total holdings following grant

Stated price per dividend equivalent right $0.0000 per right Grant terms on June 4, 2026

Underlying common stock equivalence 41.234 shares Each right equals one Walker & Dunlop share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, grant, award, or other acquisition

3 terms

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 with the restricted stock units to which they relate."

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"

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:17 PM

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^*

Pryor Paula A.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and Chief HR Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	06/04/2026		A		41.234		⁽²⁾	⁽²⁾	Common Stock	41.234	$0	155.631	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	06/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Walker & Dunlop (WD) executive Paula A. Pryor report in this Form 4?

Paula A. Pryor reported receiving 41.234 dividend equivalent rights tied to restricted stock units. These rights are economically equivalent to the same number of Walker & Dunlop common shares and increase her total dividend equivalent rights position to 155.631 after the transaction.

What are dividend equivalent rights in Walker & Dunlop (WD) stock?

Dividend equivalent rights are awards whose value mirrors dividends on Walker & Dunlop common stock. Each right here is economically equivalent to one common share and accrues on restricted stock units, vesting proportionately as the related restricted stock units vest over time.

How many dividend equivalent rights does Paula A. Pryor hold after this Walker & Dunlop (WD) transaction?

After receiving 41.234 new dividend equivalent rights, Paula A. Pryor holds a total of 155.631 dividend equivalent rights. These rights are linked to her restricted stock units and are economically equivalent to the same number of Walker & Dunlop common shares.

Is Paula A. Pryor’s Walker & Dunlop (WD) Form 4 transaction a market purchase or sale?

The Form 4 reports a grant or award acquisition, not a market trade. Paula A. Pryor received 41.234 dividend equivalent rights at a stated price of $0.0000 per right, reflecting compensation-related accruals on restricted stock units rather than open-market buying or selling.

How are Paula A. Pryor’s dividend equivalent rights in Walker & Dunlop (WD) expected to vest?

The filing states that the dividend equivalent rights accrue on restricted stock units and vest proportionately with those units. As each related restricted stock unit vests, the corresponding dividend equivalent rights tied to it are expected to vest on the same proportional schedule.