Stephen P. Theobald - 14 Feb 2025 Form 4 Insider Report for Walker & Dunlop, Inc. (WD)

Role: EVP & Chief Operating Officer
Signature: /s/ Nicholas C. Eckstein, Attorney-in-fact
Issuer symbol: WD
Transactions as of: 14 Feb 2025
Net transactions value: +$198,898
Form type: 4
Filing time: 19 Feb 2025, 16:45:45 UTC
Previous filing: 04 Feb 2025
Next filing: 18 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WD	Common Stock	Award	$0	+11,279	+19%	$0.000000	70,152	14 Feb 2025	Direct	F1
transaction	WD	Common Stock	Tax liability	$198,898	+2,301	+3.5%	$86.44	67,851	14 Feb 2025	Direct
holding	WD	Common Stock						38,219	14 Feb 2025	By Family LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WD	Deferred Stock Units	Award	$0	+2,892		$0.000000	2,892	14 Feb 2025	Common Stock	2,892		Direct	F2, F3
transaction	WD	Restricted Stock Units	Award	$0	+1,446		$0.000000	1,446	14 Feb 2025	Common Stock	1,446		Direct	F4, F5

* 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, 2026.
F2	Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
F3	The deferred stock units are fully vested and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.
F4	Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
F5	The restricted stock units will be settled in shares of the Issuer's common stock on a date selected by the reporting person pursuant to the Plan, subject to vesting acceleration pursuant to the Plan.