Keleher Stephen 4

What Happened

• Stephen Keleher, Senior EVP and Co‑Head of Mortgage Insurance at Radian Group (RDN), had performance- and time‑based RSUs vest on May 15, 2026. A total of 17,890 shares were delivered upon conversion of RSUs (13,050 + 1,837 + 1,490 + 1,513).
• To satisfy tax withholding obligations, 5,973 of those shares were withheld at an effective per-share value of $36.93, generating $220,583 to cover taxes. Net shares received by Keleher after withholding were 11,917.
• This was not an open-market sale or purchase; it was the distribution/settlement of RSUs and withholding to satisfy tax liabilities (cashless/net settlement).

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely filing).
• Scope: 17,890 shares acquired via RSU vesting (reported as derivative conversions, code M); 5,973 shares disposed/withheld for taxes (code F) at $36.93/share totaling $220,583.
• Net retained shares from this event: 11,917.
• Relevant footnotes: vesting/distribution relates to performance-based RSUs granted May 17, 2023 and time-based RSUs granted May 17, 2023, May 22, 2024, and May 21, 2025; withholding was per the company’s equity incentive plan.
• Filing timeliness: Filed within the normal Form 4 window (not reported late).

Context

• These entries reflect RSU vesting and a standard net-share withholding to cover taxes (a common cashless settlement), not a market sale or a buy signal. Derivative conversion code (M) here indicates RSUs/rights converted into common stock per plan terms.