HESS DEBRA ANN 4

What Happened

• Debra Ann Hess, a director of Radian Group Inc. (RDN), was granted 4,300 restricted stock units (RSUs) on May 21, 2026. The filing reports this as an award/derivative grant (no per‑share price or cash paid is reported). The award is part of the company’s annual equity awards to non-employee directors.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26.
• Transaction type/code: Award/Grant (A) of 4,300 RSUs; price reported as N/A (derivative award).
• Vesting: Time‑based RSUs vest on May 25, 2027.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to receive one share of common stock.
  • F2: Award represents an annual equity award to non‑employee directors.
  • F3: The time‑based RSUs vest on May 25, 2027.
  • F4: Not applicable.
• Filing timeliness: Form 4 was filed five calendar days after the grant (filed 2026-05-26); given the May 25 federal holiday, this filing appears to fall within the typical two-business-day reporting window.

Context

• RSUs are a form of deferred compensation: they convert into shares only if/when they vest, so this grant does not represent an immediate purchase or sale of stock. Awards to non‑employee directors are routine and aimed at retention/compensation rather than direct market signaling.