Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock unitsfinancial
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
time-based restricted stock unitsfinancial
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
form 4regulatory
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
form 144regulatory
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
WAYNE, Pa.--(BUSINESS WIRE)--
Radian Group Inc. (NYSE: RDN) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach’s employment agreement and issued pursuant to the employment inducement award exemption to the stockholder approval requirements under New York Stock Exchange Listed Company Manual Section 303A.08. Radian is issuing this press release pursuant to the requirements of Section 303A.08.
As previously announced, Mr. Weinbach has been appointed as Radian's Chief Executive Officer-Elect, effective June 1, 2026 (“Employment Date”), and will assume the role of Chief Executive Officer and become a member of the Board of Directors on August 13, 2026, succeeding Rick Thornberry, who announced his intent to retire effective December 31, 2026. Mr. Weinbach is a seasoned financial services executive with more than 30 years of experience, having most recently served as President of Mr. Cooper Group and, prior to that, as CEO of Consumer Lending at Wells Fargo and CEO of Chase Home Lending at JPMorgan Chase.
Effective on the Employment Date, Mr. Weinbach was granted the following inducement equity awards under the 2026 Inducement Grant Equity Plan:
(1) 185,020 performance-based restricted stock units as a 2026 annual long-term incentive award (the “BV RSUs”), subject to performance-based vesting conditions consistent with those applicable to the annual 2026 performance-based long-term incentive awards granted to the Company’s other executive officers,
(2) 77,090 performance-based restricted stock units as a sign-on award, with the same terms and conditions of the BV RSUs, and
(3) 150,000 time-based restricted stock units as a sign-on award, which will vest in three substantially equal annual installments over three years, subject to his continued employment and a requirement that he “match” the award by timely purchasing the same number of shares of the Company’s common stock by December 31, 2026. Mr. Weinbach has satisfied the “matching” condition, having purchased 170,000 shares of Radian common stock in the open market upon joining the company.
About Radian
Radian Group Inc. (NYSE: RDN) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit radian.com to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.
