0001062993-23-016272.txt : 20230811 0001062993-23-016272.hdr.sgml : 20230811 20230811162605 ACCESSION NUMBER: 0001062993-23-016272 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230809 FILED AS OF DATE: 20230811 DATE AS OF CHANGE: 20230811 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: 231164499 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 X0508 4 2023-08-09 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 - Performance Award 0 2023-08-09 5 A 0 E 350000 A 2026-12-31 Common Stock 350000 350000 D Each RSU represents a contingent right to receive one share of common stock. Represents a one-time outperformance award of performance-based RSUs granted to Mr. Thornberry in connection with the extension of his employment agreement with the Company. The number of reported performance-based RSUs represents the target award, with Mr. Thornberry having the potential to earn a number of shares up to 150% of the target award. Not Applicable. Subject to certain conditions set forth in the grant agreement, vesting of the performance-based RSUs occurs on December 31, 2026 (between 0 and 525,00 shares) based on the Company's "Cumulative Growth in Book Value Per Share" (as defined in the grant agreement) and the "Company Absolute TSR" as compared to the "Average Peer Group TSR" (each as defined in the grant agreement), over a performance period beginning on July 1, 2023 and ending on December 31, 2026. Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact 2023-08-11