0001062993-23-011826.txt : 20230519 0001062993-23-011826.hdr.sgml : 20230519 20230519164520 ACCESSION NUMBER: 0001062993-23-011826 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230517 FILED AS OF DATE: 20230519 DATE AS OF CHANGE: 20230519 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McMahon Brien CENTRAL INDEX KEY: 0001723148 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 23941047 MAIL ADDRESS: STREET 1: 1500 MARKET ST., WEST TOWER STREET 2: #2050 CITY: PHILADELPHIA STATE: PA ZIP: 19102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RADIAN GROUP INC CENTRAL INDEX KEY: 0000890926 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 232691170 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 550 EAST SWEDESFORD ROAD STREET 2: SUITE 350 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 2155646600 MAIL ADDRESS: STREET 1: 550 EAST SWEDESFORD ROAD STREET 2: SUITE 350 CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: CMAC INVESTMENT CORP DATE OF NAME CHANGE: 19960126 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0407 4 2023-05-17 0000890926 RADIAN GROUP INC RDN 0001723148 McMahon Brien RADIAN GROUP INC. 550 E. SWEDESFORD ROAD, 350 WAYNE PA 19087 0 1 0 0 Sr.EVP/Chief Franchise Officer 0 Restricted Stock Units - Time-based Award 0 2023-05-17 4 A 0 14160 A 2026-05-15 Common Stock 14160 14160 D Restricted Stock Units - Performance Award 0 2023-05-17 5 A 0 E 22220 A 2026-05-15 Common Stock 22220 22220 D Each RSU represents a contingent right to receive one share of common stock. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2023. The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. Vesting of the performance-based RSUs occurs on May 15, 2026 (between 0 and 44,440 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period. Not Applicable. Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact 2023-05-19