RSU grants for Richard Watson at Radian Group (NYSE: RDN)
Rhea-AI Filing Summary
Watson Richard Colin reported acquisition or exercise transactions in this Form 4 filing.
Radian Group Inc. insider Richard Colin Watson received new equity awards in the form of restricted stock units (RSUs). On May 21, 2026, he was granted 34,850 performance-based RSUs and 22,860 time-based RSUs, each RSU representing a right to receive one share of common stock.
The time-based RSUs 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, with the actual shares earned ranging between 0 and 69,700 based on Radian’s cumulative growth in LTI Book Value per Share and total stockholder return versus the S&P SmallCap 600 Financials index over a three-year performance period, followed by a one-year holding period.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Watson Richard Colin
Role
CEO, Inigo Limited
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units - Time-based Award | 22,860 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units - Performance Award | 34,850 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units - Time-based Award — 22,860 shares (Direct);
Restricted Stock Units - Performance Award — 34,850 shares (Direct)
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 25, 2026.
- F3. Not Applicable
- 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.
- F5. Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 69,700 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.
Key Figures
Performance-based RSU target: 34,850 RSUs
Time-based RSU grant: 22,860 RSUs
Maximum performance RSU payout: 69,700 shares
+2 more
5 metrics
Performance-based RSU target
34,850 RSUs
Grant on May 21, 2026; contingent on performance
Time-based RSU grant
22,860 RSUs
Grant on May 21, 2026; vests over three years
Maximum performance RSU payout
69,700 shares
Up to 200% of target based on performance
Time-based RSU vesting start
May 25, 2026
First of three annual vesting dates
Performance RSU vesting date
May 25, 2029
Vesting after three-year performance period
Key Terms
Restricted Stock Units, performance-based RSUs, LTI Book Value per Share, total stockholder return (TSR), +1 more
5 terms
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.
total stockholder return (TSR) financial
"and Radian's total stockholder return (TSR) in comparison..."
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.
FAQ
What RSU grants did Richard Colin Watson receive from Radian Group (RDN)?
Richard Colin Watson received two RSU grants: 34,850 performance-based RSUs and 22,860 time-based RSUs. Each RSU represents a contingent right to receive one share of Radian Group common stock, subject to specific vesting schedules and, for performance RSUs, achievement of measurable performance goals.
How do the time-based RSUs for Radian Group (RDN) vest?
The time-based RSUs vest in three equal installments on each of the first, second, and third anniversaries of May 25, 2026. As vesting milestones are reached, Watson becomes entitled to receive common shares, aligning ongoing service with gradual equity delivery over three years.
What determines how many performance-based RSUs vest at Radian Group (RDN)?
The number of performance-based RSUs that vest, between 0 and 69,700 shares, depends on Radian’s cumulative growth in LTI Book Value per Share and total stockholder return versus the S&P SmallCap 600 Financials index over a three-year performance period, plus a one-year post-vest holding requirement.
Does the Form 4 for Radian Group (RDN) show open-market stock purchases or sales?
The Form 4 reflects grant or award acquisitions of RSUs, not open-market purchases or sales. Both transactions are coded "A" for grant/award acquisition and carry a transaction price of $0.0000, indicating compensation-related equity awards rather than cash-based market trades.