Derek Brummer - 22 May 2024 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Reporting owner
Role
President, Mortgage Insurance
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer context
Issuer symbol
RDN
Transaction snapshot
Transactions as of
22 May 2024
Net transaction value
-$1,723,081
SEC evidence
Form type
4
Filing time
24 May 2024, 18:24:34 UTC
Previous filing
17 May 2024
Next filing
18 Jun 2024
SEC filing
View on sec.gov

Key filing fact

Derek Brummer filed Form 4 for RADIAN GROUP INC (RDN) on 24 May 2024.

Key facts

  • This page summarizes Derek Brummer's Form 4 filing for RADIAN GROUP INC (RDN).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Filing timestamp: 24 May 2024, 18:24.

Change

  • Previous filing in this sequence was filed on 17 May 2024.
  • Current net transaction value: -$1,723,081.

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.

See Original Filing

Reported transactions

RDN transaction

Common Stock

Sale

Transaction value
$626,510
Shares
-20,000
Change %
-7.3%
Price
$31.33
Shares after
253,023
Date
23 May 2024
Ownership
Direct
RDN transaction

Common Stock

Sale

Transaction value
$1,096,571
Shares
-35,000
Change %
-14%
Price
$31.33
Shares after
218,023
Date
24 May 2024
Ownership
Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Award

Transaction value
Shares
+25,550
Change %
Price
Shares after
25,550
Date
22 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
25,550
Exercise price
$0.000000
Footnotes
F1, F2, F5
RDN transaction Derivative

Restricted Stock Units - Performance Award

Award

Transaction value
Shares
+42,070
Change %
Price
Shares after
42,070
Date
22 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
42,070
Exercise price
$0.000000
Footnotes
F1, F3, F4, F5
* indicates a reported price that failed the local validity check.

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 84,140 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.
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