Filing Details
- Accession Number:
- 0001062993-24-011282
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-24 18:24:34
- Reporting Period:
- 2024-05-22
- Accepted Time:
- 2024-05-24 18:24:34
- 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 |
|---|---|---|---|---|---|---|---|
| 1578586 | Derek Brummer | Radian Group Inc. 550 E Swedesford Road, #350 Wayne PA 19087 | President, Mortgage Insurance | 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 | 20,000 | $31.33 | 253,023 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-05-24 | 35,000 | $31.33 | 218,023 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| 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 | 25,550 | $0.00 | 25,550 | $0.00 |
| Common Stock | Restricted Stock Units - Performance Award | Acquisiton | 2024-05-22 | 42,070 | $0.00 | 42,070 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 25,550 | 2027-05-15 | No | 4 | A | Direct | |
| 42,070 | 2027-05-15 | No | 5 | A | Direct |
Footnotes
- Each RSU represents a contingent right to receive one share of common stock.
- Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024.
- 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.
- Vesting of the performance-based RSUs occurs on May 15, 2027 (between 0 and 84,140 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.
- Not Applicable.
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