Levy Ellen 4

What Happened
Ellen Levy, a member of Walker & Dunlop's board of directors, received a grant of 3,096 deferred stock units on May 19, 2026. The filing records the acquisition as a derivative award (transaction code A) with a reported price of $0.00 (no cash paid). These units represent rights to common stock rather than immediate shares.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (timely filing).
• Award: 3,096 deferred stock units; price reported: $0.00; total cash exchanged: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (1) Each deferred stock unit equals the right to one share of common stock. (2) Units vest one year after grant and will be settled in shares either on a date selected by the reporting person under the Issuer’s Deferred Compensation Plan for Non-Employee Directors or as otherwise provided by the Plan.
• Transaction code meaning: A = Award/Grant (derivative), not an open-market purchase or sale.

Context
This was a compensation-related grant of deferred stock units for a non-employee director. Deferred stock units convert to shares only upon vesting/settlement per the company plan, so they do not represent immediately tradable shares. Such director grants are routine forms of equity compensation and do not by themselves indicate a buy or sell decision in the open market.