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