Walker & Dunlop, Inc. Non-Executive Director Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

Walker & Dunlop, Inc. has established compensation rates for its non-executive directors, effective after the June 4, 2015 annual meeting. Non-executive directors receive an annual retainer of $60,000 in cash and $60,000 in restricted stock, with the stock vesting after one year of continued service. Additional cash retainers are provided for committee chairs and members, and the Lead Director receives an extra $20,000 annually. Directors are also reimbursed for travel expenses related to board and committee meetings.

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EX-10.1 2 d12339dex101.htm EX-10.1 EX-10.1

Exhibit 10.1

WALKER & DUNLOP, INC.

NON-EXECUTIVE DIRECTOR COMPENSATION RATES

The board of directors (the “Board”) of Walker & Dunlop, Inc. (the “Company”), adopted new compensation retainer rates for the Audit Committee and Compensation Committee Chairs and Compensation Committee members effective following the election of Board members at the Company’s June 4, 2015 annual meeting of stockholders.

The following represents a summary of the current annual retainer rates for non-executive Board members as well as for committee member and chairperson service and the Lead Director:

 

Compensation Component

   

Rate

Annual Retainer    $60,000 in cash, $60,000 in restricted stock (1)
Committee Chair Cash Retainers (2)   

Audit-$25,000

Compensation-$25,000

Nominating & Corporate Governance-$15,000

Committee Member Cash Retainers   

Audit-$10,000

Compensation-$10,000

Nominating & Corporate Governance-$5,000

Lead Director Annual Cash Retainer    $20,000

The Company also reimburses each of its directors for their travel expenses incurred in connection with their attendance at full Board and committee meetings.

 

(1) The non-executive director grants of restricted stock vest on the one-year anniversary of the date of grant, subject to the non-executive director’s continued service on the Board.
(2) Committee chairpersons will receive the Committee Chair Cash Retainer in lieu of a Committee Member Cash Retainer for service on the committee they chair.