Note 14 - Capital Stock (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Information with regard to RSUs to be settled in stock for periods indicated is as follows.


Rollforward of RSUs

	Performance-Based			Time-Vested
	Number of Shares	Weighted-Average Grant Date Fair Value		Number of Shares	Weighted-Average Grant Date Fair Value
Outstanding, December 31, 2020 (1)	2,186,244	$	15.71	2,118,885	$	13.16
Granted (2)	578,790	$	20.39	511,166	$	21.63
Performance adjustment (3)	421,357	$	—	—	$	—
Vested (4)	(811,578)	$	15.98	(456,790)	$	15.95
Forfeited	(29,071)	$	18.12	(27,099)	$	17.67
Outstanding, September 30, 2021 (1)	2,345,742	$	16.76	2,146,162	$	14.53

(1)Outstanding RSUs represent shares that have not yet been issued because not all conditions necessary to earn the right to benefit from the instruments have been satisfied. The final number of RSUs distributed depends on the cumulative growth in Radian's book value over the respective three-year performance period and, with the exception of certain retirement-eligible employees, continued service through the vesting date, which could result in changes in vested RSUs.

(2)For performance-based RSUs, number represents the number of target shares at grant date.

(3)For performance-based RSUs, represents the difference between the number of target shares at grant date and the number of shares vested at settlement, which can range from 0 to 200% of target depending on results over the applicable performance periods.

(4)Represents amounts vested during the year, including the impact of performance adjustments for performance-based awards.