Eric Ray - 13 May 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Reporting relationship: Sr. Exec Vice President
Issuer ticker: RDN
Reported as of: 13 May 2023
Net transaction value: -$620,585
SEC form: 4
Accepted by SEC: 16 May 2023, 19:12:55 UTC
Prior SEC filing: 17 May 2022
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

Eric Ray filed Form 4 for RADIAN GROUP INC (RDN) on 16 May 2023.

Key facts

This page summarizes Eric Ray'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, 19:12.

Change

Previous filing in this sequence was filed on 17 May 2022.
Current net transaction value: -$620,585.

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: +8,862
Change %: +15%
Price: $0.000000
Shares after: 69,740
Date: 13 May 2023
Ownership: Direct
Footnotes: F1, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,500
Change %: +5%
Price: $0.000000
Shares after: 73,240
Date: 13 May 2023
Ownership: Direct
Footnotes: F2, F10

RDN transaction

Common Stock

Tax liability

Transaction value: $175,624
Shares: -7,056
Change %: -9.6%
Price: $24.89
Shares after: 66,184
Date: 13 May 2023
Ownership: Direct
Footnotes: F3

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,803
Change %: +8.8%
Price: $0.000000
Shares after: 71,987
Date: 15 May 2023
Ownership: Direct
Footnotes: F4, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,666
Change %: +7.9%
Price: $0.000000
Shares after: 77,653
Date: 15 May 2023
Ownership: Direct
Footnotes: F5, F10

RDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +33,520
Change %: +43%
Price: $0.000000
Shares after: 111,173
Date: 15 May 2023
Ownership: Direct
Footnotes: F6, F10

RDN transaction

Common Stock

Tax liability

Transaction value: $444,961
Shares: -17,770
Change %: -16%
Price: $25.04
Shares after: 93,403
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: -8,862
Change %: -100%
Price
Shares after: 0
Date: 13 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,862
Exercise price
Footnotes: F1, F10, F11

RDN transaction Derivative

Restricted Stock Units - Performance Award

Options Exercise

Transaction value
Shares: -3,500
Change %: -3.8%
Price
Shares after: 89,160
Date: 13 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,500
Exercise price
Footnotes: F2, F8, F9, F10, F11

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Options Exercise

Transaction value
Shares: -5,803
Change %: -50%
Price
Shares after: 5,804
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,803
Exercise price
Footnotes: F4, F10, F11

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Options Exercise

Transaction value
Shares: -5,666
Change %: -33%
Price
Shares after: 11,334
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,666
Exercise price
Footnotes: F5, F10, F11

RDN transaction Derivative

Restricted Stock Units - Performance Award

Options Exercise

Transaction value
Shares: -33,520
Change %: -100%
Price
Shares after: 0
Date: 15 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 33,520
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 92,660 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 92,660 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