Pinkus Gary S 4

What Happened
Gary S. Pinkus, a director of Walker & Dunlop, received a grant of 3,096 deferred stock units (derivative award) on May 19, 2026. The award was reported as an acquisition (code A) at $0.00 per unit for reporting purposes. No cash was exchanged; the filing shows the award as a derivative instrument rather than an immediate share purchase.

Key Details

• Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (filed within the typical two-business-day window).
• Instrument: 3,096 deferred stock units (DSUs), reported at $0.00 per unit (derivative award).
• Shares owned after transaction: Not reported in the provided excerpt.
• Footnotes:
  • Each DSU represents the right to receive one share of common stock.
  • The DSUs vest on the one-year anniversary of the grant and will be settled in shares either on a date selected under the Issuer’s Deferred Compensation Plan for Non-Employee Directors or as otherwise provided by the Plan.
• Transaction type: Award/grant to a non-employee director (not a market purchase or sale).

Context
Deferred stock units are a form of compensation that do not convey immediate voting rights or share ownership until they vest and are settled. Because this is an award to a director and will convert to shares only after vesting/settlement per the Plan, it is not a direct market buy or sell and shouldn’t be read as an immediate bullish or bearish trade signal.