Brien McMahon - May 17, 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Sr.EVP/Chief Franchise Officer
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Stock symbol
RDN
Transactions as of
May 17, 2023
Transactions value $
$0
Form type
4
Date filed
5/19/2023, 04:45 PM
Previous filing
May 16, 2023
Next filing
May 15, 2024

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 Award +14.2K 14.2K May 17, 2023 Common Stock 14.2K $0.00 Direct F1, F2, F5
transaction RDN Restricted Stock Units - Performance Award Award +22.2K 22.2K May 17, 2023 Common Stock 22.2K $0.00 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of common stock.
F2 Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2023.
F3 The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award.
F4 Vesting of the performance-based RSUs occurs on May 15, 2026 (between 0 and 44,440 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.
F5 Not Applicable.