Richard G. Thornberry - 13 May 2023 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 2023
Net transactions value
-$2,907,932
Form type
4
Filing time
16 May 2023, 19:07:53 UTC
Previous filing
17 May 2022
Next filing
19 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 +38,560 +7.7% 537,341 13 May 2023 Direct F1, F8, F11
transaction RDN Common Stock Options Exercise +15,269 +2.8% 552,610 13 May 2023 Direct F2, F11
transaction RDN Common Stock Tax liability $766,637 -30,801 -5.6% $24.89 521,809 13 May 2023 Direct F3
transaction RDN Common Stock Options Exercise +28,240 +5.4% 550,049 15 May 2023 Direct F4, F11
transaction RDN Common Stock Options Exercise +31,476 +5.7% 581,525 15 May 2023 Direct F5, F11
transaction RDN Common Stock Options Exercise +156,450 +27% 737,975 15 May 2023 Direct F6, F11
transaction RDN Common Stock Tax liability $2,141,296 -85,515 -12% $25.04 652,460 15 May 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 -38,560 -100% 0 13 May 2023 Common Stock 38,560 Direct F1, F11, F12
transaction RDN Restricted Stock Units - Performance Award Options Exercise -15,269 -3.8% 388,011 13 May 2023 Common Stock 15,269 Direct F2, F9, F10, F11, F12
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -28,240 -50% 28,241 15 May 2023 Common Stock 28,240 Direct F4, F11, F12
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -31,476 -33% 62,954 15 May 2023 Common Stock 31,476 Direct F5, F11, F12
transaction RDN Restricted Stock Units - Performance Award Options Exercise -156,450 -100% 0 15 May 2023 Common Stock 156,450 Direct F6, F11, F12
* 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, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 403,280 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold, and shares withheld by the Company to satisfy the exercise price and tax liability of a stock option exercise of an award expiring on May 13, 2023.
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 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 Includes an aggregate 1,183 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2022 and December 31, 2022.
F9 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F10 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 403,280 performance-based RSUs granted May 13, 2020.
F11 Each RSU represents a contingent right to receive one share of common stock.
F12 Not Applicable