[Form 4] RADIAN GROUP INC Insider Trading Activity
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Form Type
4
Rhea-AI Filing Summary
Radian Group Sr. EVP and Chief Digital Officer Eric Ray reported RSU vesting and related tax withholding, with no open-market stock sales. On May 15, 2026, multiple performance-based and time-based restricted stock unit awards vested and converted into common shares under the company’s equity incentive plan.
To cover tax liabilities from these vestings and distributions, 25,297 common shares were delivered or withheld at a reference price of $36.93 per share. Following these routine compensation-related transactions, Ray directly holds 40,061 shares of Radian Group common stock.
Insider Trade Summary
65,358 shares exercised/converted
Exercise
11 txns
Insider
Ray Eric
Role
Sr. EVP, Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - Performance Award | 51,865 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 4,720 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 3,833 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 3,630 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Performance Award | 1,310 | $0.00 | $0.00 |
| Exercise | Common Stock | 51,865 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,720 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,833 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,630 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,310 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 25,297 | $36.93 | $934K |
Holdings After Transaction:
Restricted Stock Units - Performance Award — 33,797 contracts (Direct);
Restricted Stock Units - Time-based Award — 11,094 contracts (Direct);
Common Stock — 40,061 shares (Direct)
Footnotes (10)
- F1. Represents distribution of shares of common stock upon the vesting of performance-based RSUs that were granted May 11, 2022, which vested on May 15, 2025 subject to a one-year post-vest hold.
- F2. Each RSU represents a contingent right to receive one share of common stock.
- F3. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.
- F4. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.
- F5. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 21, 2025.
- F6. Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 17, 2023, which are subject to a one-year post vest holding period.
- F7. Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 17, 2023, May 22, 2024, and May 21, 2025; (b) the vesting of 35,107 performance-based RSUs granted May 17, 2023, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 11, 2022, following completion of the one-year hold period after vesting of the RSUs.
- F8. Not Applicable
- F9. Vesting occurred on May 15, 2026, based on satisfaction of performance metrics.
- F10. Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 35,107 performance-based RSUs granted May 17, 2023.
Key Figures
Tax-withholding shares: 25,297 shares at $36.93
RSU-related exercises: 65,358 shares
Post-transaction holdings: 40,061 shares
+2 more
5 metrics
Tax-withholding shares
25,297 shares at $36.93
Shares delivered/withheld to satisfy tax liability on May 15, 2026
RSU-related exercises
65,358 shares
Common shares acquired via derivative exercises/RSU conversions
Post-transaction holdings
40,061 shares
Eric Ray’s direct common stock ownership after transactions
Exercise transactions
5 derivative exercises
Count of M-code derivative exercise/conversion entries
Tax-withholding events
1 disposition
F-code tax-withholding disposition of common stock
Key Terms
Restricted Stock Units, performance-based RSUs, time-based RSUs, equity incentive plan, +1 more
5 terms
Restricted Stock Units financial
"multiple performance-based and time-based restricted stock unit awards vested and converted"
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
"Represents distribution of shares of common stock upon the vesting of performance-based RSUs"
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.
time-based RSUs financial
"Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs"
equity incentive plan financial
"Pursuant to the terms of the Company's equity incentive plan, represents shares withheld"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax liability financial
"represents the shares distributed to satisfy the tax liability incurred upon the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Radian Group (RDN) executive Eric Ray report in this Form 4?
Eric Ray reported the vesting of several restricted stock unit awards that converted into Radian Group common shares. The filing also shows shares delivered or withheld to satisfy tax liabilities tied to these RSU vestings, with no open-market stock purchases or sales disclosed.
What types of equity awards vested for Eric Ray at Radian Group?
The transactions involve both performance-based and time-based restricted stock units. These RSUs were granted in prior years and vested on May 15, 2026 once performance metrics and time-based service conditions under Radian Group’s equity incentive plan were satisfied.
Were Eric Ray’s Radian Group RSU awards subject to holding requirements?
Yes. Footnotes explain certain performance-based RSUs vested earlier and were subject to a one-year post-vest holding period before distribution. Some net shares from performance-based RSUs granted May 17, 2023 also remain subject to a one-year post-vest holding requirement under the equity plan.
Does this Radian Group Form 4 indicate any discretionary stock sales by Eric Ray?
No discretionary open-market sales are reported. The only disposition shown is a tax-withholding entry, where 25,297 shares were delivered or withheld to cover tax liabilities associated with RSU vesting and distributions under Radian Group’s equity incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
