Brien McMahon - 12 May 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Issuer symbol
RDN
Transactions as of
12 May 2023
Net transactions value
-$626,222
Form type
4
Filing time
16 May 2023, 19:05:39 UTC
Previous filing
28 Nov 2022
Next filing
19 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $127,869 +9,140 +9.5% $13.99 105,075 12 May 2023 Direct F1, F9
transaction RDN Common Stock Options Exercise $0 +8,862 +8.4% $0.000000 113,937 13 May 2023 Direct F2, F12
transaction RDN Common Stock Options Exercise $0 +3,457 +3% $0.000000 117,394 13 May 2023 Direct F3, F12
transaction RDN Common Stock Tax liability $334,746 -13,449 -11% $24.89 103,945 13 May 2023 Direct F4
transaction RDN Common Stock Options Exercise $0 +6,017 +5.8% $0.000000 109,962 15 May 2023 Direct F5, F12
transaction RDN Common Stock Options Exercise $0 +5,666 +5.2% $0.000000 115,628 15 May 2023 Direct F6, F12
transaction RDN Common Stock Options Exercise $0 +33,575 +29% $0.000000 149,203 15 May 2023 Direct F7, F12
transaction RDN Common Stock Tax liability $419,345 -16,747 -11% $25.04 132,456 15 May 2023 Direct F8

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 Performance Stock Options Options Exercise -9,140 -100% 0 12 May 2023 Common Stock 9,140 $13.99 Direct F1, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -8,862 -100% 0 13 May 2023 Common Stock 8,862 Direct F2, F12, F13
transaction RDN Restricted Stock Units - Performance Award Options Exercise -3,457 -3.7% 89,203 13 May 2023 Common Stock 3,457 Direct F3, F10, F11, F12, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -6,017 -50% 6,017 15 May 2023 Common Stock 6,017 Direct F5, F12, F13
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -5,666 -33% 11,334 15 May 2023 Common Stock 5,666 Direct F6, F12, F13
transaction RDN Restricted Stock Units - Performance Award Options Exercise -33,575 -100% 0 15 May 2023 Common Stock 33,575 Direct F7, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option exercised upon expiration of award expiring on May 13, 2023.
F2 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.
F3 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.
F4 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, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 92,660 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold, and shares withheld by the Company to satisfy the exercise price and tax liability of a stock option exercise of an award expiring on May 13, 2023.
F5 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.
F6 Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.
F7 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.
F8 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 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.
F9 Includes 627 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on December 31, 2022.
F10 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F11 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 92,660 performance-based RSUs granted May 13, 2020.
F12 Each RSU represents a contingent right to receive one share of common stock.
F13 Not Applicable