Form 4 for RDN RADIAN GROUP INC
Accepted 2024-05-24 00:00:00 ET · period of report 2024-05-22 · accession 0001062993-24-011274 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-05-24 | 2024-05-23 | RDN | McMahon Brien | Sr.EVP, Chief Franchise Off | S - Sale+OE | $31.10 | -74.7K | 133.6K | -36% | -$2.32M |
| D | 2024-05-24 | 2024-05-23 | RDN | McMahon Brien | Sr.EVP, Chief Franchise Off | M - OptEx | $15.44 | +8,210 | 208.3K | +4% | +$126.8K |
| D | 2024-05-24 | 2024-05-23 | RDN | McMahon Brien | Sr.EVP, Chief Franchise Off | M - OptEx | — | -8,210 | 0 | -100% | — |
| DM | 2024-05-24 | 2024-05-22 | RDN | McMahon Brien | Sr.EVP, Chief Franchise Off | A - Grant | — | +30.4K | 11.5K | New | — |
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 | 2024-05-23 | S | D | 74,740 | $31.10 | 133,606 | D | — | — | |
| 2 | Common | Common Stock | 2024-05-23 | M | A | 8,210 | $15.44 | 208,346 | D | — | — | |
| 3 | Derivative | Non-qualified Stock Option | 2024-05-23 | M | D | 8,210 | — | 0 | D | $0.00 · 2018-06-17 to 2024-06-16 | 8,210 Common Stock | (F5) Stock option exercise of an award expiring June 16, 2024. (F6) Not Applicable |
| 4 | Derivative | Restricted Stock Units - Performance Award | 2024-05-22 | A | A | 18,930 | — | 18,930 | D | $0.00 · 2027-05-15 to — | 18,930 Common Stock | (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. (F6) Not Applicable (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. (F1) Each RSU represents a contingent right to receive one share of common stock. |
| 5 | Derivative | Restricted Stock Units - Time-based Award | 2024-05-22 | A | A | 11,500 | — | 11,500 | D | $0.00 · 2027-05-15 to — | 11,500 Common Stock | (F6) Not Applicable (F2) Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2024. (F1) Each RSU represents a contingent right to receive one share of common stock. |