Filing Details

Accession Number:
0001062993-24-011276
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-24 18:19:19
Reporting Period:
2024-05-22
Accepted Time:
2024-05-24 18:19:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
890926 Radian Group Inc RDN Surety Insurance (6351) 232691170
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1732842 Eric Ray Radian Group Inc.
550 E Swedesford Road, #350
Wayne PA 19087
Sr. Evp, Chief Digital Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-05-23 65,305 $31.05 53,791 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units - Time-based Award Acquisiton 2024-05-22 11,500 $0.00 11,500 $0.00
Common Stock Restricted Stock Units - Performance Award Acquisiton 2024-05-22 18,930 $0.00 18,930 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
11,500 2027-05-15 No 4 A Direct
18,930 2027-05-15 No 5 A Direct
Footnotes
  1. Each RSU represents a contingent right to receive one share of common stock.
  2. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024.
  3. The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award.
  4. Vesting of the performance-based RSUs occurs on May 15, 2027 (between 0 and 37,860 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.
  5. Not Applicable.