Brien McMahon - 22 May 2024 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 May 2024, 18:17:59 UTC
Prior SEC filing
17 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact

Key filing fact

Brien McMahon filed Form 4 for RADIAN GROUP INC (RDN) on 24 May 2024.

Key facts

  • This page summarizes Brien McMahon's Form 4 filing for RADIAN GROUP INC (RDN).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 24 May 2024, 18:17.

Change

  • Previous filing in this sequence was filed on 17 May 2024.
  • Current net transaction value: -$2,197,861.

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
$126,762
Shares
+8,210
Change %
+4.1%
Price
$15.44
Shares after
208,346
Date
23 May 2024
Ownership
Direct
RDN transaction

Common Stock

Sale

Transaction value
$2,324,623
Shares
-74,740
Change %
-36%
Price
$31.10
Shares after
133,606
Date
23 May 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RDN transaction Derivative

Restricted Stock Units - Time-based Award

Award

Transaction value
Shares
+11,500
Change %
Price
Shares after
11,500
Date
22 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,500
Exercise price
$0.000000
Footnotes
F1, F2, F6
RDN transaction Derivative

Restricted Stock Units - Performance Award

Award

Transaction value
Shares
+18,930
Change %
Price
Shares after
18,930
Date
22 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,930
Exercise price
$0.000000
Footnotes
F1, F3, F4, F6
RDN transaction Derivative

Non-qualified Stock Option

Options Exercise

Transaction value
Shares
-8,210
Change %
-100%
Price
Shares after
0
Date
23 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,210
Exercise price
$0.000000
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each RSU represents a contingent right to receive one share of common stock.

Footnote F2

Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024.

Footnote 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.

Footnote 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.

Footnote F5

Stock option exercise of an award expiring June 16, 2024.

Footnote F6

Not Applicable

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