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Radian (NYSE: RDN) awards time- and performance-based RSUs to interim CFO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kobell Daniel reported acquisition or exercise transactions in this Form 4 filing.

Radian Group granted senior executive Daniel Kobell new stock-based compensation. He received 20,490 performance-based restricted stock units (RSUs), each representing a contingent right to one share of common stock, with the potential payout ranging from 0 to 40,980 shares based on performance.

He also received 13,440 time-based RSUs that vest in three equal installments on the first, second, and third anniversaries of May 25, 2026. The performance-based RSUs vest on May 25, 2029, tied to cumulative growth in LTI Book Value per Share and relative total stockholder return versus the S&P SmallCap 600 Financials index, followed by a one-year holding period.

Positive

  • None.

Negative

  • None.
Insider Kobell Daniel
Role Sr. EVP, Interim CFO
Type Security Shares Price Value
Grant/Award Restricted Stock Units - Time-based Award 13,440 $0.00 $0.00
Grant/Award Restricted Stock Units - Performance Award 20,490 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units - Time-based Award — 13,440 shares (Direct); Restricted Stock Units - Performance Award — 20,490 shares (Direct)
Footnotes (5)
  1. F1. Each RSU represents a contingent right to receive one share of common stock.
  2. F2. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026.
  3. F3. Not Applicable
  4. 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.
  5. F5. Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 40,980 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.
Performance RSU target grant 20,490 units Granted May 21, 2026; each unit equals one common share
Performance RSU maximum payout 40,980 shares Up to 200% of 20,490 target based on performance
Time-based RSU grant 13,440 units Granted May 21, 2026; vests over three years from May 25, 2026
Performance RSU vesting date May 25, 2029 Vesting based on LTI Book Value per Share and TSR metrics
Time-based RSU vesting start May 25, 2026 First of three annual vesting dates for time-based RSUs
RSU exercise price $0.00 per unit Conversion or exercise price for both RSU awards
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of common stock."
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 RSUs financial
"The number of reported performance-based RSUs represents the target award."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
LTI Book Value per Share financial
"based on the Company's cumulative growth in "LTI Book Value per Share""
total stockholder return (TSR) financial
"and Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies"
S&P SmallCap 600 Financials index financial
"in comparison to the TSR of each of the companies included in the S&P SmallCap 600 Financials index"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Radian Group (RDN) disclose about Daniel Kobell’s new awards?
Radian Group disclosed that Sr. EVP and Interim CFO Daniel Kobell received new restricted stock unit awards. These include performance-based and time-based RSUs that can settle in common shares if vesting and performance conditions are met.

How many performance-based RSUs did Radian grant to Daniel Kobell?
Radian granted Daniel Kobell 20,490 performance-based RSUs as a target award. Depending on performance, he may ultimately earn between 0 and 40,980 common shares, aligning his compensation with long-term company and stockholder outcomes.

When do Daniel Kobell’s time-based RSUs from Radian (RDN) vest?
Kobell’s 13,440 time-based RSUs vest pro rata on the first, second, and third anniversaries of May 25, 2026. This schedule encourages continued service and gradually delivers Radian common stock over three years if he remains employed.

What performance measures affect Kobell’s performance-based RSUs at Radian Group?
The performance-based RSUs vest on May 25, 2029, based on Radian’s cumulative growth in LTI Book Value per Share and relative total stockholder return. TSR is compared to companies in the S&P SmallCap 600 Financials index over a three-year period.

Is there a holding period on Daniel Kobell’s performance-based RSUs from Radian?
Yes. After the performance-based RSUs vest on May 25, 2029, distribution of shares is generally subject to a one-year post-vest holding period. This encourages longer-term ownership of Radian common stock beyond the performance period.

Do Daniel Kobell’s RSUs at Radian have an exercise price?
Kobell’s restricted stock units show a conversion or exercise price of $0.00 per unit. Each RSU represents a contingent right to receive one share of Radian common stock if the applicable time-based or performance conditions are satisfied.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kobell Daniel
(Last)(First)(Middle)
RADIAN GROUP INC., 550 E SWEDESFORD ROAD
#350
(Street)
WAYNE PENNSYLVANIA 19087
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. EVP, Interim CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units - Time-based Award$0(1)05/21/2026A13,44005/25/2029(2) (3)Common Stock13,440(3)13,440(2)D
Restricted Stock Units - Performance Award$0(1)05/21/2026AV20,490(4)05/25/2029 (3)Common Stock20,490(3)20,490(4)(5)D
Explanation of Responses:
1. Each RSU represents a contingent right to receive one share of common stock.
2. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026.
3. Not Applicable
4. 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.
5. Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 40,980 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.
Elizabeth Diffley /s/,Elizabeth Diffley, (POA) Atty-in-fact05/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR