BETHESDA, MD — Walker and Dunlop Inc.’s chief executive officer received an 18 percent increase in total compensation for the 2016 fiscal year, according to a filing with the Securities and Exchange Commission.
Chairman and Chief Executive Officer William Walker received $3.9 million in total compensation, up from $3.3 million in total compensation in 2015.
He received a stock award of $1.1 million, which increased 270 percent from 2015. Walker has received a salary of $750,000 and an award of $1.5 million from a non-equity incentive plan for the past three years.
Walker and Dunlop, a mortgage investment company, reported a net income of $113.9 million for the 2016 fiscal year, a 39 percent increase from 2015. The company had an operating margin of 32 percent, which increased from a margin of 29 percent in 2015.
The stock price for the company is currently $41.35, up 20 cents in Thursday morning trading.
The company’s annual meeting will be held Thursday, May 18, at 10 a.m., at the Hilton Garden Inn, located at 7301 Waverly St., in Bethesda M.D.
This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism