Capital Stock (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

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

Information with regard to RSUs to be settled in stock for the 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, 2021 (1)	2,340,673	$	16.76	1,808,551	$	15.51
Granted (2)	643,740	$	20.09	567,237	$	21.06
Performance adjustment (3)	197,534	$	—	—	$	—
Vested (4)	(796,479)	$	18.35	(458,034)	$	18.89
Forfeited	(5,969)	$	18.60	(8,778)	$	20.10
Outstanding, September 30, 2022 (1)	2,379,499	$	17.61	1,908,976	$	16.33

(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. For performance-based awards, the final number of RSUs distributed depends on the cumulative growth in Radian’s book value, adjusted for certain defined terms, 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, amount represents the number of target shares at grant date.

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

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