Thornberry Richard G 4
4 · RADIAN GROUP INC · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Radian (RDN) CEO Richard Thornberry Receives RSU Awards
What Happened
Richard G. Thornberry, CEO of Radian Group Inc. (RDN), received two restricted stock unit (RSU) awards on May 21, 2026 totaling 189,980 RSUs: 75,250 time‑based RSUs and 114,730 performance‑based RSUs. No purchase price is reported (these are awards/derivative grants, not open‑market buys or sales). RSUs represent a contingent right to receive shares if and when the awards vest.
Key Details
- Transaction type: Award/Grant of RSUs (Form 4 code A; derivative).
- Grant date: 2026-05-21; Form 4 filed 2026-05-26 (filed within the required reporting window).
- Amounts: 75,250 time‑based RSUs; 114,730 performance‑based RSUs (total 189,980 RSUs). No per‑share price applicable.
- Vesting: Time‑based RSUs vest pro rata on each of the 1st, 2nd and 3rd anniversaries of May 25, 2026. Performance RSUs vest on May 25, 2029 based on cumulative LTI book‑value‑per‑share growth and Radian’s TSR vs. the S&P SmallCap 600 Financials index.
- Performance range & holding: Performance RSUs are target awards (F4) and may pay out between 0 and up to 200% of target (i.e., up to 229,460 shares for the reported performance award). Shares generally subject to a one‑year post‑vest holding period.
- Shares owned after transaction: Not specified in the provided filing.
Context
This filing reports equity compensation (award of RSUs) rather than a purchase or sale. Time‑based RSUs provide retention incentives over three years; performance RSUs depend on multi‑year company performance metrics. Awards like these are routine for executives and do not by themselves indicate a near‑term buy or sell signal.
Insider Transaction Report
- Award
Restricted Stock Units - Time-based Award
[F1][F3][F2]2026-05-21+75,250→ 75,250 totalExercise: $0.00From: 2029-05-25→ Common Stock (75,250 underlying) - Award
Restricted Stock Units - Performance Award
[F1][F4][F3][F5]2026-05-21+114,730→ 114,730 totalExercise: $0.00From: 2029-05-25→ Common Stock (114,730 underlying)
Footnotes (5)
- [F1]Each RSU represents a contingent right to receive one share of common stock.
- [F2]Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026.
- [F3]Not Applicable
- [F4]The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award.
- [F5]Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 229,460 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies included in the S&P SmallCap 600 Financials index as of April 1, 2026, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.