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RADIAN GROUP INC — Director's Dealing 2021
May 15, 2021
31025_dirs_2021-05-14_41f1200b-e6d1-43fc-a19a-09f3dfae4d0f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2021-05-12
Reporting Person: Brummer Derek (President, Mortgage)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-13 | Common Stock | M | 11127 | — | Acquired | 179992 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-12 | Restricted Stock Units - Time Vested Award | $0.0 | A | 30850 | Acquired | Common Stock (30850) | Direct | |
| 2021-05-12 | Restricted Stock Units - Performance Award | $0.0 | A | 51620 | Acquired | Common Stock (51620) | Direct | |
| 2021-05-13 | Restricted Stock Units - Time-based Award | $0.0 | M | 11127 | Disposed | Common Stock (11127) | Direct |
Footnotes
F1: Vesting of one-third of the time-based RSUs granted on May 13, 2020.
F2: Each RSU represents a contingent right to receive one share of common stock.
F3: Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2021.
F4: 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.
F5: Vesting of the performance-based RSUs occurs on May 15, 2024 (between 0 and 103,240 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.
F6: Not Applicable.