Brien McMahon - 22 May 2024 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
Issuer symbol
RDN
Transactions as of
22 May 2024
Net transactions value
-$2,197,861
Form type
4
Filing time
24 May 2024, 18:17:59 UTC
Previous filing
17 May 2024
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 $126,762 +8,210 +4.1% $15.44 208,346 23 May 2024 Direct
transaction RDN Common Stock Sale $2,324,623 -74,740 -36% $31.10 133,606 23 May 2024 Direct

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 +11,500 11,500 22 May 2024 Common Stock 11,500 $0.000000 Direct F1, F2, F6
transaction RDN Restricted Stock Units - Performance Award Award +18,930 18,930 22 May 2024 Common Stock 18,930 $0.000000 Direct F1, F3, F4, F6
transaction RDN Non-qualified Stock Option Options Exercise -8,210 -100% 0 23 May 2024 Common Stock 8,210 $0.000000 Direct F5, F6
* 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, 2024.
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, 2027 (between 0 and 37,860 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 Stock option exercise of an award expiring June 16, 2024.
F6 Not Applicable