Mary Dickerson - 12 May 2021 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Exec. Vice President - CPO
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
14 May 2021, 21:29:27 UTC
Next filing
25 May 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDN Restricted Stock Units - Time Vested Award Award +4,610 4,610 12 May 2021 Common Stock 4,610 $0.000000 Direct F1, F2, F5
transaction RDN Restricted Stock Units - Performance Award Award +7,710 7,710 12 May 2021 Common Stock 7,710 $0.000000 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of common stock.
F2 Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2021.
F3 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.
F4 Vesting of the performance-based RSUs occurs on May 15, 2024 (between 0 and 15,420 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.
F5 Not Applicable.