Eric Ray - May 11, 2022 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Sr. Exec Vice President
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Stock symbol
RDN
Transactions as of
May 11, 2022
Transactions value $
$0
Form type
4
Date filed
5/13/2022, 07:11 PM
Previous filing
May 10, 2022
Next filing
May 17, 2022

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 +17K 17K May 11, 2022 Common Stock 17K $0.00 Direct F1, F2, F5
transaction RDN Restricted Stock Units - Performance Award Award +28.1K 28.1K May 11, 2022 Common Stock 28.1K $0.00 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, 2022.
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, 2025 (between 0 and 56,120 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.