Form 4 for RDN RADIAN GROUP INC
Accepted 2023-05-16 00:00:00 ET · period of report 2023-05-13 · accession 0001062993-23-011279 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-05-16 | 2023-05-13+ | RDN | Thornberry Richard G | CEO | M - OptEx | — | +270.0K | 552.6K | +96% | — |
| DM | 2023-05-16 | 2023-05-13+ | RDN | Thornberry Richard G | CEO | F - Tax | $25.00 | -116.3K | 521.8K | -18% | -$2.91M |
| DM | 2023-05-16 | 2023-05-13+ | RDN | Thornberry Richard G | CEO | M - OptEx | — | -270.0K | 388.0K | -41% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-05-13 | M | A | 38,560 | — | 537,341 | D | — | — | (F1) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020. (F11) Each RSU represents a contingent right to receive one share of common stock. (F8) Includes an aggregate 1,183 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2022 and December 31, 2022. |
| 2 | Common | Common Stock | 2023-05-15 | M | A | 31,476 | — | 581,525 | D | — | — | (F5) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 3 | Common | Common Stock | 2023-05-15 | M | A | 28,240 | — | 550,049 | D | — | — | (F4) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021. (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 4 | Common | Common Stock | 2023-05-15 | F | D | 85,515 | $25.04 | 652,460 | D | — | — | (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 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. |
| 5 | Common | Common Stock | 2023-05-15 | M | A | 156,450 | — | 737,975 | D | — | — | (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. (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 6 | Common | Common Stock | 2023-05-13 | M | A | 15,269 | — | 552,610 | D | — | — | (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. (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 7 | Common | Common Stock | 2023-05-13 | F | D | 30,801 | $24.89 | 521,809 | D | — | — | (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, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 403,280 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold, and shares withheld by the Company to satisfy the exercise price and tax liability of a stock option exercise of an award expiring on May 13, 2023. |
| 8 | Derivative | Restricted Stock Units - Performance Award | 2023-05-15 | M | D | 156,450 | — | 0 | D | — · 2023-05-15 to — | 156,450 Common Stock | (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. (F12) Not Applicable (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 9 | Derivative | Restricted Stock Units - Time-based Award | 2023-05-15 | M | D | 31,476 | — | 62,954 | D | — · 2023-05-15 to — | 31,476 Common Stock | (F5) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022. (F12) Not Applicable (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 10 | Derivative | Restricted Stock Units - Time-based Award | 2023-05-15 | M | D | 28,240 | — | 28,241 | D | — · 2023-05-15 to — | 28,240 Common Stock | (F4) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021. (F12) Not Applicable (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 11 | Derivative | Restricted Stock Units - Time-based Award | 2023-05-13 | M | D | 38,560 | — | 0 | D | — · 2023-05-13 to — | 38,560 Common Stock | (F1) Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020. (F12) Not Applicable (F11) Each RSU represents a contingent right to receive one share of common stock. |
| 12 | Derivative | Restricted Stock Units - Performance Award | 2023-05-13 | M | D | 15,269 | — | 388,011 | D | — · 2023-05-13 to — | 15,269 Common Stock | (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. (F12) Not Applicable (F10) 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 403,280 performance-based RSUs granted May 13, 2020. (F11) Each RSU represents a contingent right to receive one share of common stock. (F9) Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics. |