Form 4 for RDN RADIAN GROUP INC

Accepted 2024-05-24 00:00:00 ET · period of report 2024-05-22 · accession 0001062993-24-011282 · 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	2024-05-24	2024-05-23+	RDN	Brummer Derek	Pres, Mortgage Insurance	S - Sale	$31.33	-55.0K	253.0K	-18%	-$1.72M
DM	2024-05-24	2024-05-22	RDN	Brummer Derek	Pres, Mortgage Insurance	A - Grant	—	+67.6K	42.1K	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-05-24	S	D	35,000	$31.33	218,023	D	—	—
2	Common	Common Stock	2024-05-23	S	D	20,000	$31.33	253,023	D	—	—
3	Derivative	Restricted Stock Units - Time-based Award	2024-05-22	A	A	25,550	—	25,550	D	$0.00 · 2027-05-15 to —	25,550 Common Stock	(F5) 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.
4	Derivative	Restricted Stock Units - Performance Award	2024-05-22	A	A	42,070	—	42,070	D	$0.00 · 2027-05-15 to —	42,070 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. (F5) Not Applicable. (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. (F1) Each RSU represents a contingent right to receive one share of common stock.