Walker William M 4

4 · Walker & Dunlop, Inc. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

Walker & Dunlop (WD) CEO William M. Walker Receives 7,829 Shares

What Happened

William M. Walker, Chairman & CEO of Walker & Dunlop, had 7,829.986 shares issued to him on January 30, 2026 through conversion/settlement of deferred stock units and restricted stock units (reported as derivative exercise/conversion, code M). To cover tax withholding (code F), 3,251 shares were surrendered at $62.89 per share for a total withholding value of $204,455. Net shares retained from the settlement equal 4,578.986 (7,829.986 issued minus 3,251 withheld).
This was a settlement of vested awards (not an open-market sale or purchase); the withholding was an administrative tax payment rather than a market sale.

Key Details

Transaction date: January 30, 2026; Form 4 filed February 3, 2026.
Awards settled: 7,829.986 shares (combined deferred stock units, restricted stock units, and dividend equivalents per footnotes).
Tax withholding: 3,251 shares withheld at $62.89/share = $204,455.
Net shares added to Walker’s holdings from this settlement: 4,578.986 shares (based on the disclosed settlement and withholding).
Footnotes: F1–F2 = deferred stock units (each = 1 share) fully vested and settled; F3–F4 = restricted stock units settled; F5–F6 = dividend equivalents that vest with RSUs.
Filing does not indicate a 10% owner status; this appears to be routine award settlement and tax withholding, not a market sale.

Context

This is a common administrative event: vested DSUs/RSUs converted to shares and shares withheld to satisfy tax obligations. Such transactions reflect compensation settlement rather than a signal about CEO buying or selling stock in the open market.
The derivative entries reported as "M" indicate conversion/exercise of award units; "F" indicates shares surrendered for tax withholding.

Form 4

Period: 2026-01-30

DirectorChairman & CEO

Transactions

Exercise/Conversion
Common Stock
2026-01-30+7,829.986→ 443,643.192 total
Tax Payment
Common Stock
2026-01-30$62.89/sh−3,251$204,455→ 440,392.192 total
Exercise/Conversion
Deferred Stock Units
[F1][F2]
2026-01-30−4,982→ 0 total
→ Common Stock (4,982 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-01-30−2,491→ 0 total
→ Common Stock (2,491 underlying)
Exercise/Conversion
Dividend Equivalent Rights
[F5][F6]
2026-01-30−356.986→ 104.445 total
→ Common Stock (356.986 underlying)

Holdings

Footnotes (6)

[F1]Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
[F2]The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on January 30, 2026 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.
[F3]Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
[F4]The restricted stock units were settled in shares of the Issuer's common stock on January 30, 2026.
[F5]Each dividend equivalent right is the economic equivalent of one share of the common stock of the Issuer
[F6]The dividend equivalent right accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

Signature

/s/ Nicholas C. Eckstein, Attorney-in-fact|2026-02-03

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