Walker William M 4

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.