SCHMALTZ DANA L 4

What Happened

• Dana L. Schmaltz, a director of Walker & Dunlop, was granted a total of 5,573 equity awards on 2026-05-19: 3,096 restricted common shares (grant) and 2,477 deferred stock units (derivative award). Both awards show an acquisition price of $0.00 (company compensation, not a cash purchase).

Key Details

• Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (filed two days after the grant; appears timely under the 2-business-day rule).
• Transaction codes: A = Award/Grant; the 2,477-unit grant is reported as a derivative acquisition (deferred stock units).
• Price/value: $0.00 per share; these are compensation awards rather than open-market purchases or sales.
• Shares owned after transaction: not reported in this filing.
• Footnotes:
  • F1: The 3,096 restricted shares are subject to the 2024 Equity Incentive Plan and vest on the one-year anniversary of the grant.
  • F2: Each deferred stock unit represents the right to receive one share of common stock.
  • F3: The deferred stock units are fully vested and will be settled in shares either on a date chosen by the reporting person under the Deferred Compensation Plan for Non-Employee Directors or as otherwise provided by the Plan.

Context

• These awards are director compensation (restricted shares and deferred stock units). Restricted shares vest after one year; deferred units are vested but will be converted to shares per the director deferred compensation plan. Such grants are routine forms of non-cash compensation and do not by themselves indicate insider buying or selling intent.