Ahmad Fawad 4

What Happened

• Ahmad Fawad, a director of Radian Group, received a grant of 4,300 restricted stock units (RSUs) on May 21, 2026. The award is reported as an equity grant (derivative), so no per‑share purchase price or immediate cash value is shown in the filing.
• This appears to be an annual equity award to a non‑employee director (routine compensation), not an open‑market buy or sale. The RSUs convert to common shares only if and when they vest.

Key Details

• Transaction date: May 21, 2026; Filing date: May 26, 2026 (timely — filing achieved within the SEC’s two business‑day window given the Memorial Day holiday).
• Security: 4,300 RSUs (derivative award); Price: N/A (RSUs have no purchase price at grant).
• Vesting: Time‑based RSUs vest on May 25, 2027 (per footnote).
• Purpose: Annual equity award to non‑employee directors.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes: Each RSU represents a contingent right to receive one share of common stock; award represents annual director compensation.

Context

• RSUs are a form of deferred compensation: they do not create immediate share ownership or an immediate market sale. They become shares only upon vesting (here, May 25, 2027), subject to the terms of the award.
• Such director grants are routine and intended for retention/compensation; they do not by themselves indicate insider buying or selling sentiment.