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

Role
President, Mortgage
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Stock symbol
RDN
Transactions as of
May 13, 2023
Transactions value $
-$936,255
Form type
4
Date filed
5/16/2023, 06:54 PM
Previous filing
May 12, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $0 +11.5K +8.1% $0.00 153K May 13, 2023 Direct F1, F10
transaction RDN Common Stock Options Exercise $0 +4.79K +3.13% $0.00 158K May 13, 2023 Direct F2, F10
transaction RDN Common Stock Tax liability -$244K -9.79K -6.2% $24.89 148K May 13, 2023 Direct F3
transaction RDN Common Stock Options Exercise $0 +10.3K +6.95% $0.00 158K May 15, 2023 Direct F4, F10
transaction RDN Common Stock Options Exercise $0 +11K +6.96% $0.00 169K May 15, 2023 Direct F5, F10
transaction RDN Common Stock Options Exercise $0 +44.6K +26.36% $0.00 214K May 15, 2023 Direct F6, F10
transaction RDN Common Stock Tax liability -$693K -27.7K -12.93% $25.04 186K May 15, 2023 Direct F7

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 -11.5K -100% 0 May 13, 2023 Common Stock 11.5K Direct F1, F10, F11
transaction RDN Restricted Stock Units - Performance Award Options Exercise -4.79K -4% 115K May 13, 2023 Common Stock 4.79K Direct F2, F8, F9, F10, F11
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -10.3K -50% 10.3K May 15, 2023 Common Stock 10.3K Direct F4, F10, F11
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -11K -33.33% 22K May 15, 2023 Common Stock 11K Direct F5, F10, F11
transaction RDN Restricted Stock Units - Performance Award Options Exercise -44.6K -100% 0 May 15, 2023 Common Stock 44.6K Direct F6, F10, F11
* 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 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.
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.
F4 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F5 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
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.
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.
F8 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
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.
F10 Each RSU represents a contingent right to receive one share of common stock.
F11 Not Applicable