Richard G. Thornberry - May 13, 2023 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Chief Executive Officer
Signature
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
Stock symbol
RDN
Transactions as of
May 13, 2023
Transactions value $
-$2,907,932
Form type
4
Date filed
5/16/2023, 07:07 PM
Previous filing
May 17, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise +38.6K +7.73% 537K May 13, 2023 Direct F1, F8, F11
transaction RDN Common Stock Options Exercise +15.3K +2.84% 553K May 13, 2023 Direct F2, F11
transaction RDN Common Stock Tax liability -$767K -30.8K -5.57% $24.89 522K May 13, 2023 Direct F3
transaction RDN Common Stock Options Exercise +28.2K +5.41% 550K May 15, 2023 Direct F4, F11
transaction RDN Common Stock Options Exercise +31.5K +5.72% 582K May 15, 2023 Direct F5, F11
transaction RDN Common Stock Options Exercise +156K +26.9% 738K May 15, 2023 Direct F6, F11
transaction RDN Common Stock Tax liability -$2.14M -85.5K -11.59% $25.04 652K May 15, 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 -38.6K -100% 0 May 13, 2023 Common Stock 38.6K Direct F1, F11, F12
transaction RDN Restricted Stock Units - Performance Award Options Exercise -15.3K -3.79% 388K May 13, 2023 Common Stock 15.3K Direct F2, F9, F10, F11, F12
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -28.2K -50% 28.2K May 15, 2023 Common Stock 28.2K Direct F4, F11, F12
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -31.5K -33.33% 63K May 15, 2023 Common Stock 31.5K Direct F5, F11, F12
transaction RDN Restricted Stock Units - Performance Award Options Exercise -156K -100% 0 May 15, 2023 Common Stock 156K Direct F6, F11, F12
* 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, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 403,280 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.
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 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 Includes an aggregate 1,183 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2022 and December 31, 2022.
F9 Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.
F10 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 403,280 performance-based RSUs granted May 13, 2020.
F11 Each RSU represents a contingent right to receive one share of common stock.
F12 Not Applicable