Derek Brummer - 13 May 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Reporting relationship: President, Mortgage
Issuer ticker: RDN
Reported as of: 13 May 2023
Net transaction value: -$936,255
SEC form: 4
Accepted by SEC: 16 May 2023, 18:54:27 UTC
Prior SEC filing: 12 May 2023
Next SEC filing: 19 May 2023
Source filing: View source filing
Reporting owner signature: Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact

Key filing fact

Derek Brummer filed Form 4 for RADIAN GROUP INC (RDN) on 16 May 2023.

Key facts

This page summarizes Derek Brummer's Form 4 filing for RADIAN GROUP INC (RDN).
12 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 16 May 2023, 18:54.

Change

Previous filing in this sequence was filed on 12 May 2023.
Current net transaction value: -$936,255.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +11,466
Change %: +8.1%
Price: $0.000000
Shares after: 152,981
Date: 13 May 2023
Ownership: Direct
Footnotes: F1, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,792
Change %: +3.1%
Price: $0.000000
Shares after: 157,773
Date: 13 May 2023
Ownership: Direct
Footnotes: F2, F10

RDN transaction

Common Stock

Tax liability

Transaction value: $243,574
Shares: -9,786
Change %: -6.2%
Price: $24.89
Shares after: 147,987
Date: 13 May 2023
Ownership: Direct
Footnotes: F3

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +10,283
Change %: +6.9%
Price: $0.000000
Shares after: 158,270
Date: 15 May 2023
Ownership: Direct
Footnotes: F4, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +11,016
Change %: +7%
Price: $0.000000
Shares after: 169,286
Date: 15 May 2023
Ownership: Direct
Footnotes: F5, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +44,624
Change %: +26%
Price: $0.000000
Shares after: 213,910
Date: 15 May 2023
Ownership: Direct
Footnotes: F6, F10

RDN transaction

Common Stock

Tax liability

Transaction value: $692,682
Shares: -27,663
Change %: -13%
Price: $25.04
Shares after: 186,247
Date: 15 May 2023
Ownership: Direct
Footnotes: F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Options Exercise

Transaction value
Shares: -11,466
Change %: -100%
Price
Shares after: 0
Date: 13 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,466
Exercise price
Footnotes: F1, F10, F11

RDN transaction Derivative

Restricted Stock Units - Performance Award

Options Exercise

Transaction value
Shares: -4,792
Change %: -4%
Price
Shares after: 115,108
Date: 13 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,792
Exercise price
Footnotes: F2, F8, F9, F10, F11

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Options Exercise

Transaction value
Shares: -10,283
Change %: -50%
Price
Shares after: 10,284
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,283
Exercise price
Footnotes: F4, F10, F11

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Options Exercise

Transaction value
Shares: -11,016
Change %: -33%
Price
Shares after: 22,034
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,016
Exercise price
Footnotes: F5, F10, F11

RDN transaction Derivative

Restricted Stock Units - Performance Award

Options Exercise

Transaction value
Shares: -44,624
Change %: -100%
Price
Shares after: 0
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 44,624
Exercise price
Footnotes: F6, F10, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.

Footnote F2

Represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 13, 2020, which are subject to a one-year post vest holding period.

Footnote F3

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 May 13, 2020, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 119,900 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold.

Footnote F4

Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.

Footnote F5

Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.

Footnote F6

Represents distribution of shares of common stock related to RSUs that were granted May 15, 2019, which vested on May 15, 2022 and were subject to a one-year post-vest hold.

Footnote F7

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 May 12, 2021 and May 11, 2022, as well as the shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs granted May 15, 2019, following completion of the one-year hold period after vesting of the RSUs.

Footnote F8

Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.

Footnote F9

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 119,900 performance-based RSUs granted May 13, 2020.

Footnote F10

Each RSU represents a contingent right to receive one share of common stock.

Footnote F11

Not Applicable