Radian Group (RDN) awards time- and performance-based RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hoffman Edward J reported acquisition or exercise transactions in this Form 4 filing.

Radian Group Inc. granted Sr. EVP and General Counsel Edward J. Hoffman 27,870 performance-based restricted stock units and 18,280 time-based restricted stock units, each RSU representing one share of common stock.

The time-based RSUs vest in three equal parts on the first, second, and third anniversaries of May 25, 2026. The performance-based RSUs vest on May 25, 2029, with between 0 and 55,740 shares earned based on three-year 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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hoffman Edward J

Role Sr. EVP, General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - Time-based Award	18,280	$0.00	--
Grant/Award	Restricted Stock Units - Performance Award	27,870	$0.00	--

Holdings After Transaction: Restricted Stock Units - Time-based Award — 18,280 shares (Direct, null); Restricted Stock Units - Performance Award — 27,870 shares (Direct, null)

Footnotes (1)

Each RSU represents a contingent right to receive one share of common stock. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026. Not Applicable 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. Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 55,740 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: 27,870 units Time-based RSUs granted: 18,280 units Max performance RSU payout: 55,740 shares +2 more

5 metrics

Performance-based RSUs granted 27,870 units Target performance award reported as of May 21, 2026

Time-based RSUs granted 18,280 units Time-based award reported as of May 21, 2026

Max performance RSU payout 55,740 shares Maximum shares deliverable on May 25, 2029 based on performance

Performance period length 3 years Measurement period for LTI Book Value per Share and TSR

Post-vest holding period 1 year Applies to performance-based RSU distributions after May 25, 2029

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

"and Radian's total stockholder return (TSR) in comparison"

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"

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:37 PM

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^*

Hoffman Edward J

(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, General Counsel

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		18,280		05/25/2029⁽²⁾	⁽³⁾	Common Stock	18,280	⁽³⁾	18,280⁽²⁾	D
Restricted Stock Units - Performance Award	$0⁽¹⁾	05/21/2026		A	V	27,870⁽⁴⁾		05/25/2029	⁽³⁾	Common Stock	27,870	⁽³⁾	27,870⁽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 55,740 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

FAQ

What did Edward J. Hoffman report in this RDN Form 4 filing?

Edward J. Hoffman reported receiving grants of restricted stock units in Radian Group Inc. These awards include performance-based and time-based RSUs that may convert into common shares over several years, depending on vesting schedules and specific performance conditions tied to company results.

How many RSUs did Radian Group grant to Edward J. Hoffman?

Radian Group granted Edward J. Hoffman 27,870 performance-based RSUs and 18,280 time-based RSUs. Each restricted stock unit represents a contingent right to receive one share of Radian common stock, subject to vesting conditions based on time in role and longer-term company performance metrics.

When do the time-based RSUs for Radian Group (RDN) vest?

The time-based restricted stock units vest pro rata on the first, second, and third anniversaries of May 25, 2026. This means one-third of the units convert into common stock on each anniversary date, assuming continued service and satisfaction of any applicable award conditions.

What performance conditions affect Radian Group’s performance-based RSU award?

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

How many shares can the performance-based RSUs for RDN ultimately deliver?

The performance-based RSU grant has a target of 27,870 units but can pay out between 0 and 55,740 shares. The actual number depends on how Radian performs on specified financial measures and relative total stockholder return during the defined three-year performance period.

Is there a holding period after Radian Group’s performance-based RSUs vest?

Yes. After the performance-based RSUs vest on May 25, 2029, distribution of the underlying shares is generally subject to a one-year post-vest holding period. This structure encourages longer-term alignment between the executive’s interests and Radian Group shareholders’ interests.