RADIAN GROUP INC|4May 24, 6:24 PM ET

Brummer Derek 4

4 · RADIAN GROUP INC · Filed May 24, 2024

Form 4

Period: 2024-05-22

Chief Risk Officer

Transactions

Sale
Common Stock
2024-05-23$31.33/sh−20,000$626,510→ 253,023 total
Award
Restricted Stock Units - Time-based Award
2024-05-22+25,550→ 25,550 total
Exercise: $0.00From: 2027-05-15→ Common Stock (25,550 underlying)
Award
Restricted Stock Units - Performance Award
2024-05-22+42,070→ 42,070 total
Exercise: $0.00From: 2027-05-15→ Common Stock (42,070 underlying)
Sale
Common Stock
2024-05-24$31.33/sh−35,000$1,096,571→ 218,023 total

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, 2024.
[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, 2027 (between 0 and 84,140 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.

Documents

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