0001062993-23-011844.txt : 20230519 0001062993-23-011844.hdr.sgml : 20230519 20230519165553 ACCESSION NUMBER: 0001062993-23-011844 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: Thornberry Richard G CENTRAL INDEX KEY: 0001699782 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 23941177 MAIL ADDRESS: STREET 1: RADIAN STREET 2: 1601 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103 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 0001699782 Thornberry Richard G RADIAN GROUP INC. 550 E SWEDESFORD ROAD, #350 WAYNE PA 19087 0 1 0 0 Chief Executive Officer 0 Restricted Stock Units - Time-based Award 0 2023-05-17 4 A 0 94380 A 2026-05-15 Common Stock 94380 94380 D Restricted Stock Units - Performance Award 0 2023-05-17 5 A 0 E 148090 A 2026-05-15 Common Stock 148090 148090 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 296,180 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