Pandit Sumita 4
4 · RADIAN GROUP INC · Filed May 19, 2023
Insider Transaction Report
Form 4
Pandit Sumita
President & CFO
Transactions
- Award
Restricted Stock Units - Performance Award
2023-05-17+37,030→ 37,030 totalExercise: $0.00From: 2026-05-15→ Common Stock (37,030 underlying) - Award
Restricted Stock Units - Time-based Award
2023-05-17+23,600→ 23,600 totalExercise: $0.00From: 2026-05-15→ Common Stock (23,600 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 15, 2023.
- [F3]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.
- [F4]Vesting of the performance-based RSUs occurs on May 15, 2026 (between 0 and 74,060 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. Distribution of the shares generally is subject to a one-year post-vest holding period.
- [F5]Not Applicable.