Walker William M 4

What Happened

• William M. Walker, Chairman & CEO and a director of Walker & Dunlop (WD), was granted 48,496 restricted shares on 2026-02-13 (award, code A). The grant price was $0.00 (value recorded as $0 in the filing).
• To satisfy tax withholding on the grant, 9,940 shares were disposed (code F) at $61.86 per share for a total withholding value of $614,888. This disposition is a routine tax-withholding transaction, not a market sale of additional shares.

Key Details

• Transaction dates and prices:
  • 2026-02-13: Award of 48,496 restricted shares @ $0.00 (acquired)
  • 2026-02-13: 9,940 shares withheld/disposed for taxes @ $61.86 => $614,888
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnote: The restricted stock vests in three equal annual installments beginning February 15, 2027.
• Filing timeliness: Form 4 was filed on 2026-02-18. Given the Feb 16 U.S. holiday (Presidents’ Day), this filing was submitted within the two-business-day deadline following the Feb 13 transaction.
• Transaction codes: A = Award/Grant, F = Tax withholding.

Context

• This was a restricted stock award (not an open-market purchase) and the withheld shares were used to cover tax obligations — a routine administrative step that does not necessarily indicate buy/sell sentiment.
• The awarded shares are subject to multi-year vesting (starts Feb 15, 2027), so they are not immediately free to sell.