Thornberry Richard G 4

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.