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RADIAN GROUP INC·4

May 19, 5:43 PM ET

Quigley Robert 4

4 · RADIAN GROUP INC · Filed May 19, 2026

Research Summary

AI-generated summary of this filing

Updated

Radian (RDN) Robert Quigley Exercises RSUs; Shares Withheld for Taxes

What Happened
Robert Quigley, Senior EVP and CAO of Radian Group (RDN), had a series of restricted stock units (RSUs) convert to common shares on May 15, 2026. A total of 18,647 RSUs were converted into shares (13,805 + 1,574 + 1,387 + 1,413 + 468). To satisfy tax withholding obligations, 8,052 of those shares were withheld/retained by the company at an effective value of $36.93 per share (total ≈ $297,360), leaving a net of 10,595 shares delivered to Quigley.

Key Details

  • Transaction date: May 15, 2026 (filing date: May 19, 2026 — timely within the two-business-day Form 4 window).
  • Gross shares converted: 18,647; shares withheld for taxes: 8,052 @ $36.93 (≈ $297,360); net shares to insider: 10,595.
  • Transaction codes: M = exercise/conversion of derivative (here, RSU conversion to shares); F = shares withheld to satisfy tax liability.
  • Footnotes: conversions include performance-based and time-based RSUs from grants in 2022–2025; some performance RSUs vested based on achievement of metrics (vesting noted May 15, 2026). Several withheld shares reflect company tax-withholding provisions and one-year post-vest holding requirements where applicable.
  • Shares owned after transaction: not disclosed in the provided filing excerpt.
  • Filing timeliness: Filed May 19, 2026 for May 15, 2026 transactions — within required reporting window.

Context
This was not an open-market sale; it was a routine net settlement following RSU vesting. The company withheld shares to cover tax liabilities (common practice), so the transaction is administrative rather than a directional buy or sell signal. For retail investors, purchases by insiders can be more informative than routine tax-withholding events; this filing mainly documents compensation vesting mechanics.

Insider Transaction Report

Form 4
Period: 2026-05-15
RADIAN GROUP INCRDN
Quigley Robert
Sr. EVP, CAO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-05-15+13,805→ 78,433 total
  • Exercise/Conversion

    Common Stock

    [F3][F2]
    2026-05-15+1,574→ 80,007 total
  • Exercise/Conversion

    Common Stock

    [F4][F2]
    2026-05-15+1,387→ 81,394 total
  • Exercise/Conversion

    Common Stock

    [F5][F2]
    2026-05-15+1,413→ 82,807 total
  • Exercise/Conversion

    Common Stock

    [F6][F2]
    2026-05-15+468→ 83,275 total
  • Tax Payment

    Common Stock

    [F7]
    2026-05-15$36.93/sh−8,052$297,360→ 75,223 total
  • Exercise/Conversion

    Restricted Stock Units - Performance Award

    [F2][F1][F8]
    2026-05-15−13,805→ 0 total
    From: 2026-05-15→ Common Stock (13,805 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F3][F8]
    2026-05-15−1,574→ 0 total
    From: 2026-05-15→ Common Stock (1,574 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F4][F8]
    2026-05-15−1,387→ 1,387 total
    From: 2026-05-15→ Common Stock (1,387 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F5][F8]
    2026-05-15−1,413→ 2,827 total
    From: 2026-05-15→ Common Stock (1,413 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Performance Award

    [F2][F6][F8][F9][F10]
    2026-05-15−468→ 11,239 total
    From: 2026-05-15→ Common Stock (468 underlying)
Footnotes (10)
  • [F1]Represents distribution of shares of common stock upon the vesting of performance-based RSUs that were granted May 11, 2022, which vested on May 15, 2025 subject to a one-year post-vest hold.
  • [F10]Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 11,707 performance-based RSUs granted May 17, 2023.
  • [F2]Each RSU represents a contingent right to receive one share of common stock.
  • [F3]Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.
  • [F4]Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.
  • [F5]Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 21, 2025.
  • [F6]Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 17, 2023, which are subject to a one-year post vest holding period.
  • [F7]Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 17, 2023, May 22, 2024, and May 21, 2025; (b) the vesting of 11,707 performance-based RSUs granted May 17, 2023, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 11, 2022, following completion of the one-year hold period after vesting of the RSUs.
  • [F8]Not Applicable
  • [F9]Vesting occurred on May 15, 2026, based on satisfaction of performance metrics.
Signature
Elizabeth Diffley /s/, Elizabeth Diffley, (POA) Atty-in-fact|2026-05-19

Documents

1 file
  • 4
    form4.xmlPrimary

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES