Groman Daniel J 4

What Happened
Daniel J. Groman, EVP, General Counsel, Secretary & Chief Compliance Officer of Walker & Dunlop (WD), was granted 115.601 derivative units on 2026-03-27. The filing lists the transaction as an award/acquisition (Code A) at $0.00 per unit — these are dividend-equivalent rights associated with restricted stock units (RSUs), not a cash purchase or open-market trade.

Key Details

• Transaction date: 2026-03-27; Form 4 filed 2026-03-31.
• Amount acquired: 115.601 dividend-equivalent rights (recorded at $0.00).
• Transaction type: Award/Grant of derivative securities (Code A).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — each dividend-equivalent right equals the economic equivalent of one common share; F2 — these rights accrued on RSUs and vest proportionately with those RSUs.
• No 10b5-1 plan, tax-withholding sale, or sale/purchase reported in this filing.

Context
This was a compensation-related award (dividend equivalents on RSUs) rather than a buy or sell. Dividend-equivalent units mirror the economic value of shares and typically vest with the underlying RSUs; they do not represent an immediate open-market purchase or sale. Such awards are routine executive compensation and should be viewed as grants tied to existing equity incentives rather than a direct market signal.