Robert Quigley - 13 May 2022 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Sr. Vice President, Controller
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
13 May 2022
Net transactions value
-$50,962
Form type
4
Filing time
17 May 2022, 16:45:39 UTC
Previous filing
13 May 2022
Next filing
22 Dec 2022
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 +1,383 +5.4% $0.000000 27,104 13 May 2022 Direct F1, F2, F9
transaction RDN Common Stock Options Exercise $0 +2,022 +7.5% $0.000000 29,126 15 May 2022 Direct F3, F9
transaction RDN Common Stock Options Exercise $0 +1,132 +3.9% $0.000000 30,258 15 May 2022 Direct F4, F9
transaction RDN Common Stock Options Exercise $0 +423 +1.4% $0.000000 30,681 15 May 2022 Direct F5, F9
transaction RDN Common Stock Tax liability $50,962 -2,405 -7.8% $21.19 28,276 15 May 2022 Direct F6

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-based Award Options Exercise -1,383 -3.5% 38,560 13 May 2022 Common Stock 1,383 $0.000000 Direct F1, F9, F10
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -2,022 -3.5% 56,481 15 May 2022 Common Stock 2,022 $0.000000 Direct F3, F9, F10
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -1,132 -100% 0 15 May 2022 Common Stock 1,132 $0.000000 Direct F4, F9, F10
transaction RDN Restricted Stock Units - Performance Award Tax liability -423 -4% 10,044 15 May 2022 Common Stock 423 $0.000000 Direct F5, F7, F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.
F2 Includes an aggregate 369 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2021 and December 31, 2021.
F3 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F4 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 15, 2019.
F5 Represents the shares netted for taxes from the vesting of the performance-based RSU award granted May 15, 2019, which are subject to a one-year post vest holding period.
F6 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 each of May 15, 2019, May 13, 2020 and May 12, 2021, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 10,044 performance-based RSUs granted May 15, 2019, net of which remain subject to a one year post-vest hold.
F7 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F8 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 10,044 performance-based RSUs granted May 15, 2019.
F9 Each RSU represents a contingent right to receive one share of common stock.
F10 Not Applicable.