Quigley Robert 4

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.