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RADIAN GROUP INC·4

May 19, 5:45 PM ET

Ray Eric 4

4 · RADIAN GROUP INC · Filed May 19, 2026

Research Summary

AI-generated summary of this filing

Updated

Radian (RDN) Sr. EVP Eric Ray Receives RSUs; 25,297 Shares Withheld

What Happened
Eric Ray, Senior EVP and Chief Digital Officer of Radian Group Inc. (RDN), had multiple RSU awards convert to shares on May 15, 2026. A total of 65,358 shares were issued upon vesting/conversion of performance- and time-based RSUs (reported as derivative conversions). To satisfy tax withholding obligations, 25,297 shares were withheld/disposed at an attributed price of $36.93 per share, equal to approximately $934,218. The transactions reflect vesting and net settlement to cover taxes rather than an open-market sale.

Key Details

  • Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within required period).
  • Main actions: conversion/exercise of RSU derivatives (code M) and shares withheld for tax payment (code F).
  • Shares received on vesting (acquired): 65,358 shares (from multiple awards/grants).
  • Shares withheld/disposed for taxes: 25,297 shares at $36.93 each, value ≈ $934,218.
  • Shares owned after transaction: not specified in the filing.
  • Notable footnotes: awards include performance-based RSUs (some vesting based on metrics as of May 15, 2026) and time-based RSUs; portions of certain awards remain subject to a one-year post-vest holding period per the company’s equity plan (see footnotes F1, F6, F7, F10, F9).
  • Transaction codes explained briefly: M = exercise/conversion of derivative (here, RSUs converting to shares); F = shares withheld/used to satisfy tax liabilities (net settlement).

Context
This was not an open-market sale by the insider; the company withheld shares to cover tax obligations upon vesting (a common administrative/settlement action). Some of the distributed shares remain subject to a one‑year post-vest holding period per the equity plan, and the filing indicates vesting was tied to performance metrics for certain awards. These entries are routine compensation-related transactions rather than directional buys or discretionary sales.

Insider Transaction Report

Form 4
Period: 2026-05-15
RADIAN GROUP INCRDN
Ray Eric
Sr. EVP, Chief Digital Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-05-15+51,865→ 51,865 total
  • Exercise/Conversion

    Common Stock

    [F3][F2]
    2026-05-15+4,720→ 56,585 total
  • Exercise/Conversion

    Common Stock

    [F4][F2]
    2026-05-15+3,833→ 60,418 total
  • Exercise/Conversion

    Common Stock

    [F5][F2]
    2026-05-15+3,630→ 64,048 total
  • Exercise/Conversion

    Common Stock

    [F6][F2]
    2026-05-15+1,310→ 65,358 total
  • Tax Payment

    Common Stock

    [F7]
    2026-05-15$36.93/sh−25,297$934,218→ 40,061 total
  • Exercise/Conversion

    Restricted Stock Units - Performance Award

    [F2][F1][F8]
    2026-05-15−51,865→ 0 total
    From: 2026-05-15→ Common Stock (51,865 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F3][F8]
    2026-05-15−4,720→ 0 total
    From: 2026-05-15→ Common Stock (4,720 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F4][F8]
    2026-05-15−3,833→ 3,834 total
    From: 2026-05-15→ Common Stock (3,833 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Time-based Award

    [F2][F5][F8]
    2026-05-15−3,630→ 7,260 total
    From: 2026-05-15→ Common Stock (3,630 underlying)
  • Exercise/Conversion

    Restricted Stock Units - Performance Award

    [F2][F6][F8][F9][F10]
    2026-05-15−1,310→ 33,797 total
    From: 2026-05-15→ Common Stock (1,310 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 35,107 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 35,107 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