Derek Brummer - 12 May 2021 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
President, Mortgage
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
14 May 2021, 21:32:36 UTC
Previous filing
12 May 2021
Next filing
18 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $0 +11,127 +6.6% $0.000000 179,992 13 May 2021 Direct F1, F2

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDN Restricted Stock Units - Time Vested Award Award +30,850 30,850 12 May 2021 Common Stock 30,850 $0.000000 Direct F2, F3, F6
transaction RDN Restricted Stock Units - Performance Award Award +51,620 51,620 12 May 2021 Common Stock 51,620 $0.000000 Direct F2, F4, F5, F6
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -11,127 -33% 22,593 13 May 2021 Common Stock 11,127 $0.000000 Direct F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of one-third of the time-based RSUs granted on May 13, 2020.
F2 Each RSU represents a contingent right to receive one share of common stock.
F3 Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2021.
F4 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 Vesting of the performance-based RSUs occurs on May 15, 2024 (between 0 and 103,240 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.
F6 Not Applicable.