X0306 4 2020-02-14 0 0001497770 Walker & Dunlop, Inc. WD 0001503841 Walker William M C/O WALKER & DUNLOP, INC. 7501 WISCONSIN AVENUE, SUITE 1200E BETHESDA MD 20814 1 1 0 0 Chairman & CEO Common Stock 2020-02-14 4 A 0 65472 0 A 1354361 D Common Stock 2020-02-14 4 A 0 11422 0 A 1365783 D Common Stock 2020-02-14 4 F 0 28835 78.79 D 1336948 D Common Stock 2020-02-15 4 F 0 7075 78.79 D 1329873 D Common Stock 3955 I As Custodian for Son 1 Common Stock 3955 I As Custodian for Son 2 Common Stock 3955 I As Custodian for Son 3 Deferred Stock Units 2020-02-14 4 A 0 6345 0 A Common Stock 6345 6345 D Restricted Stock Units 2020-02-14 4 A 0 3172 0 A Common Stock 3172 3172 D On March 28, 2017, 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 14, 2020, the Compensation Committee of the Issuer's Board of Directors determined that the performance goals had been met, resulting in the vesting of these shares. The restricted stock vests in three equal annual installments beginning on February 15, 2021. Each deferred stock unit represents the right to receive one share of common stock of the Issuer. 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. Each restricted stock unit represents the right to receive one share of common stock of the Issuer. The restricted stock units will be settled in shares of the Issuer's common stock on January 31, 2025, subject to vesting acceleration pursuant to the Plan. /s/ Daniel J. Groman, Attorney-in-fact 2020-02-19