Richard G. Thornberry - 13 May 2022 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Chief Executive Officer
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
13 May 2022
Net transactions value
-$847,155
Form type
4
Filing time
17 May 2022, 16:34:49 UTC
Previous filing
13 May 2022
Next filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $0 +37,425 +8.4% $0.000000 485,404 13 May 2022 Direct F1, F8
transaction RDN Common Stock Options Exercise $0 +28,239 +5.8% $0.000000 513,643 15 May 2022 Direct F2, F8
transaction RDN Common Stock Options Exercise $0 +17,608 +3.4% $0.000000 531,251 15 May 2022 Direct F3, F8
transaction RDN Common Stock Options Exercise $0 +6,326 +1.2% $0.000000 537,577 15 May 2022 Direct F4, F8
transaction RDN Common Stock Tax liability $847,155 -39,979 -7.4% $21.19 497,598 15 May 2022 Direct F5

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-based Award Options Exercise -37,425 -49% 38,560 13 May 2022 Common Stock 37,425 $0.000000 Direct F1, F8, F9
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -28,239 -33% 56,481 15 May 2022 Common Stock 28,239 $0.000000 Direct F2, F8, F9
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -17,608 -100% 0 15 May 2022 Common Stock 17,608 $0.000000 Direct F3, F8, F9
transaction RDN Restricted Stock Units - Performance Award Tax liability -6,326 -3.9% 156,450 15 May 2022 Common Stock 6,326 $0.000000 Direct F4, F6, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.
F2 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F3 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 15, 2019.
F4 Represents the shares netted for taxes from the vesting of the performance-based RSU award granted May 15, 2019, which are subject to a one-year post vest holding period
F5 Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on each of May 15, 2019, May 13, 2020 and May 12, 2021, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 156,450 performance-based RSUs granted May 15, 2019, net of which remain subject to a one year post-vest hold.
F6 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F7 Pursuant to the terms of the Company???s equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 156,450 performance-based RSUs granted May 15, 2019.
F8 Each RSU represents a contingent right to receive one share of common stock.
F9 Not Applicable.