Conner Brad L. 4

What Happened
Brad L. Conner, a director of Radian Group Inc. (RDN), had 4,837 time‑based RSUs vest on May 15, 2026. Those RSUs converted into 4,837 shares of common stock (exercise/conversion reported at $0.00). The company withheld 3 of those shares to satisfy state tax withholding obligations (3 shares disposed at $36.93 each, totaling about $111).

Key Details

• Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-19). Filing appears timely (filed within the standard 2-business-day window).
• Acquired: 4,837 shares via RSU conversion (reported as derivative exercise/conversion, code M) at $0.00 (no cash exercise price).
• Disposed: 3 shares withheld for state tax withholding at $36.93/share (total ≈ $111) (code F).
• Footnotes: RSUs were time‑based awards granted May 21, 2025 (F1); shares withheld represent tax withholding under the equity plan (F2); each RSU equals one share (F3).
• Shares owned after the transaction: not reported in the provided summary.

Context
This was a standard equity award vesting event (RSUs converting into common shares), not an open‑market purchase or sale. Only a small number of shares were withheld to cover taxes; no immediate market sale of shares was reported. Such vesting events are routine compensation rather than a direct market signal.