Radian Group (NYSE: RDN) grants new RSU awards to Sr. EVP

(Neutral)

Form Type

Rhea-AI Filing Summary

Radian Group Inc. disclosed that Sr. EVP and Co-Head of MI Stephen Keleher received new equity awards in the form of restricted stock units. These are compensation grants, not open‑market stock purchases or sales.

The awards include 12,300 performance-based RSUs, each representing a right to one share of common stock, as a target award that can pay out between 0 and 24,600 shares based on results. Vesting for this performance grant occurs on May 25, 2029, tied to cumulative growth in the company’s “LTI Book Value per Share” and total stockholder return versus the S&P SmallCap 600 Financials index over a three‑year period, followed by a one‑year holding period.

Keleher also received 8,070 time-based RSUs that vest in three equal installments on each of the first, second and third anniversaries of May 25, 2026. After vesting, each RSU generally converts into one share of Radian common stock, aligning a portion of his compensation with long‑term shareholder outcomes.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Keleher Stephen

Role Sr. EVP, Co-Head of MI

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - Time-based Award	8,070	$0.00	$0.00
Grant/Award	Restricted Stock Units - Performance Award	12,300	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - Time-based Award — 8,070 shares (Direct); Restricted Stock Units - Performance Award — 12,300 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 24,600 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 RSUs granted (target): 12,300 units Performance RSU payout range: 0 to 24,600 shares Time-based RSUs granted: 8,070 units +3 more

6 metrics

Performance-based RSUs granted (target) 12,300 units Grant to Stephen Keleher on May 21, 2026

Performance RSU payout range 0 to 24,600 shares Based on three-year performance through May 25, 2029

Time-based RSUs granted 8,070 units Grant to Stephen Keleher on May 21, 2026

Time-based RSU vesting schedule 3 equal installments On first, second and third anniversaries of May 25, 2026

Post-vest holding period 1 year Applies to vested performance-based RSU shares

RSU-to-share ratio 1 RSU : 1 share Each RSU represents a contingent right to one share

Key Terms

Restricted Stock Units, LTI Book Value per Share, total stockholder return (TSR), S&P SmallCap 600 Financials index

4 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.

total stockholder return (TSR) financial

"Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies"

S&P SmallCap 600 Financials index financial

"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 →

Accepted by SEC EDGAR 05/26/2026 - 06:37 PM

FAQ

What type of insider transactions did Radian Group (RDN) report for Stephen Keleher?

Radian reported equity compensation grants to Stephen Keleher, not open‑market trades. He received performance-based and time-based restricted stock units that convert into common shares upon vesting, aligning his pay with long-term stock and book value performance targets.

How many performance-based RSUs did Stephen Keleher receive from Radian Group (RDN)?

Stephen Keleher received 12,300 performance-based RSUs as a target award. The actual payout can range from zero to 24,600 shares, depending on Radian’s cumulative LTI book value per share growth and relative total stockholder return over a defined three-year performance period.

What are the vesting terms for Stephen Keleher’s time-based RSUs at Radian Group (RDN)?

Keleher’s 8,070 time-based RSUs vest in three equal installments. Vesting occurs pro rata on each of the first, second and third anniversaries of May 25, 2026, after which each vested unit generally delivers one share of Radian common stock to the executive.

How is performance measured for Stephen Keleher’s performance-based RSUs at Radian Group (RDN)?

Performance-based RSUs vest on May 25, 2029 based on two metrics. Radian will assess cumulative growth in “LTI Book Value per Share” and total stockholder return versus companies in the S&P SmallCap 600 Financials index over a three-year performance period.

Do Stephen Keleher’s performance-based RSUs at Radian Group (RDN) have a holding period?

Yes. After the performance-based RSUs vest on May 25, 2029, the resulting shares are generally subject to a one-year post-vesting holding period. This structure is intended to extend alignment between the executive’s equity exposure and longer-term shareholder returns.

Does the Radian Group (RDN) Form 4 show any stock sales or purchases by Stephen Keleher?

The Form 4 shows only grants of restricted stock units to Stephen Keleher, not stock sales or open‑market purchases. These awards are part of his compensation and will convert into common shares only if vesting and, for performance units, performance conditions are satisfied.

SEC Form 4

FORM 4

UNITED 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^*

Keleher Stephen

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. EVP, Co-Head of MI

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units - Time-based Award	$0⁽¹⁾	05/21/2026		A		8,070		05/25/2029⁽²⁾	⁽³⁾	Common Stock	8,070	⁽³⁾	8,070⁽²⁾	D
Restricted Stock Units - Performance Award	$0⁽¹⁾	05/21/2026		A	V	12,300⁽⁴⁾		05/25/2029	⁽³⁾	Common Stock	12,300	⁽³⁾	12,300⁽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 24,600 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-fact	05/26/2026
	** Signature of Reporting Person	Date
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