Wells Donna 4

What Happened
Donna Wells, a director of Walker & Dunlop, was granted 3,096 deferred stock units (a derivative award) on May 19, 2026. The reported grant shows 3,096 units at $0.00 per unit (no cash exchanged). This is an award/compensation grant for a director rather than a purchase or sale of shares.

Key Details

• Transaction date: 2026-05-19; Report filed: 2026-05-21 (Form 4 filed within the standard two-business-day window).
• Transaction type/code: A (Award/Grant); amount: 3,096 deferred stock units; reported price: $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • Each deferred stock unit represents the right to receive one share of common stock.
  • Units vest on the one-year anniversary of the grant and will be settled in shares per the Issuer's Deferred Compensation Plan for Non‑Employee Directors (settlement timing as elected under the plan).
• No 10b5-1 plan, tax-withholding sale, or other special handling was reported in the provided details.

Context
Deferred stock units are a form of compensation that convert into shares (or share-equivalents) later; they do not indicate an immediate purchase or sale and involve no immediate cash outlay. Director awards are common as part of non-employee director compensation and should be viewed as routine compensation unless accompanied by other insider trading activity.