Derek Brummer - 13 May 2023 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
13 May 2023
Net transactions value
-$936,255
Form type
4
Filing time
16 May 2023, 18:54:27 UTC
Previous filing
12 May 2023
Next filing
19 May 2023
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 +11,466 +8.1% $0.000000 152,981 13 May 2023 Direct F1, F10
transaction RDN Common Stock Options Exercise $0 +4,792 +3.1% $0.000000 157,773 13 May 2023 Direct F2, F10
transaction RDN Common Stock Tax liability $243,574 -9,786 -6.2% $24.89 147,987 13 May 2023 Direct F3
transaction RDN Common Stock Options Exercise $0 +10,283 +6.9% $0.000000 158,270 15 May 2023 Direct F4, F10
transaction RDN Common Stock Options Exercise $0 +11,016 +7% $0.000000 169,286 15 May 2023 Direct F5, F10
transaction RDN Common Stock Options Exercise $0 +44,624 +26% $0.000000 213,910 15 May 2023 Direct F6, F10
transaction RDN Common Stock Tax liability $692,682 -27,663 -13% $25.04 186,247 15 May 2023 Direct F7

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 -11,466 -100% 0 13 May 2023 Common Stock 11,466 Direct F1, F10, F11
transaction RDN Restricted Stock Units - Performance Award Options Exercise -4,792 -4% 115,108 13 May 2023 Common Stock 4,792 Direct F2, F8, F9, F10, F11
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -10,283 -50% 10,284 15 May 2023 Common Stock 10,283 Direct F4, F10, F11
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -11,016 -33% 22,034 15 May 2023 Common Stock 11,016 Direct F5, F10, F11
transaction RDN Restricted Stock Units - Performance Award Options Exercise -44,624 -100% 0 15 May 2023 Common Stock 44,624 Direct F6, F10, F11
* 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 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.
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, as well as shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 119,900 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold.
F4 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F5 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
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.
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 the 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.
F8 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F9 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 119,900 performance-based RSUs granted May 13, 2020.
F10 Each RSU represents a contingent right to receive one share of common stock.
F11 Not Applicable