Richard M. Lucas - Feb 15, 2023 Form 4 Insider Report for Walker & Dunlop, Inc. (WD)

Role: EVP & Gen Counsel & Secretary
Signature: /s/ Daniel J. Groman, Attorney-in-fact
Stock symbol: WD
Transactions as of: Feb 15, 2023
Transactions value $: -$974,907
Form type: 4
Date filed: 2/17/2023, 04:02 PM
Previous filing: Dec 13, 2022
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WD	Common Stock	Award	$0	+5.16K	+3.78%	$0.00	142K	Feb 15, 2023	Direct	F1
transaction	WD	Common Stock	Award	$0	+17.3K	+12.25%	$0.00	159K	Feb 15, 2023	Direct	F2
transaction	WD	Common Stock	Tax liability	-$217K	-2.24K	-1.41%	$96.89	157K	Feb 15, 2023	Direct
transaction	WD	Common Stock	Tax liability	-$758K	-7.82K	-4.99%	$96.89	149K	Feb 15, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock vests in three equal annual installments beginning on February 15, 2024.
F2	On July 17, 2020, the reporting person was granted an award of performance share units, which vest in the form of common stock if certain pre-established performance goals underlying the award are met over the course of a three-year period. On February 15, 2023, the Compensation Committee of the Issuer's Board of Directors certified the level at which the performance goals had been met, resulting in the vesting of these shares.

Content

The restricted stock vests in three equal annual installments beginning on February 15, 2024.

On July 17, 2020, the reporting person was granted an award of performance share units, which vest in the form of common stock if certain pre-established performance goals underlying the award are met over the course of a three-year period. On February 15, 2023, the Compensation Committee of the Issuer's Board of Directors certified the level at which the performance goals had been met, resulting in the vesting of these shares.