Walker & Dunlop (WD) CFO receives grant of dividend equivalent rights

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Florkowski Gregory reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop, Inc. executive vice president and chief financial officer Gregory Florkowski received a grant of 80.2100 Dividend Equivalent Rights on March 27, 2026. Each right is economically equivalent to one share of common stock and was credited in connection with restricted stock units he already holds.

Following this grant, Florkowski holds a total of 180.1480 dividend equivalent rights directly. These rights accrue as the company pays dividends and will vest on the same schedule and in the same proportions as the related restricted stock units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Florkowski Gregory

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	80.21	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 180.148 shares (Direct)

Footnotes (1)

Each dividend equivalent right is the economic equivalent of one share of common stock of the Company. The dividend equivalent rights accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

Key Figures

Dividend Equivalent Rights granted: 80.2100 rights Total DERs after transaction: 180.1480 rights Underlying common stock equivalence: 1 share per right +1 more

4 metrics

Dividend Equivalent Rights granted 80.2100 rights Grant to EVP & CFO on March 27, 2026

Total DERs after transaction 180.1480 rights CFO’s direct holdings following the grant

Underlying common stock equivalence 1 share per right Each dividend equivalent right equals one WD common share economically

Transaction price per right $0.0000 Compensation grant, no purchase price paid

Key Terms

Dividend Equivalent Rights, restricted stock units, Grant, award, or other acquisition

3 terms

Dividend Equivalent Rights financial

"Each dividend equivalent right is the economic equivalent of one share of common stock"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"The dividend equivalent rights accrued on restricted stock units held by the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

03/31/2026 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Florkowski Gregory

(Last)

(First)

(Middle)

C/O WALKER & DUNLOP, INC.

7272 WISCONSIN AVENUE, SUITE 1300

(Street)

BETHESDA

MARYLAND

20814

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walker & Dunlop, Inc. [ WD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	03/27/2026		A		80.21		⁽²⁾	⁽²⁾	Common Stock	80.21	$0	180.148	D

Explanation of Responses:

1. Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

2. The dividend equivalent rights accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

	/s/ Nicholas C. Eckstein, Attorney-in-fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WD EVP & CFO Gregory Florkowski report?

Gregory Florkowski reported receiving 80.2100 Dividend Equivalent Rights tied to existing restricted stock units. These are compensation-related awards that mirror the value of Walker & Dunlop common stock dividends and vest according to the original restricted stock unit schedule.

How many dividend equivalent rights does WD’s CFO hold after this Form 4?

After the reported grant, WD’s CFO holds 180.1480 dividend equivalent rights directly. These rights represent additional economic value linked to Walker & Dunlop dividends on his restricted stock units and will vest proportionately with those underlying units over time.

What are Dividend Equivalent Rights in the Walker & Dunlop Form 4?

Dividend Equivalent Rights are awards that are economically equivalent to one share of WD common stock per right. They accrue on restricted stock units when dividends are paid and vest on the same schedule as the underlying restricted stock units, enhancing total compensation value.

Are the WD CFO’s dividend equivalent rights tied to restricted stock units?

Yes. The filing states the dividend equivalent rights accrued on restricted stock units held by the reporting person. They vest proportionately with the restricted stock units to which they relate, aligning these additional rights with the long-term equity compensation program.

Does this WD Form 4 reflect a market purchase or sale of shares?

No. The Form 4 shows a grant coded as an acquisition (code A) of derivative-based Dividend Equivalent Rights. It does not reflect an open-market buy or sell transaction in Walker & Dunlop common stock by the CFO on the reported date.