Radian CEO granted new RSU awards

Thornberry Richard G reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Thornberry Richard G reported acquisition or exercise transactions in this Form 4 filing.

Radian Group Inc.'s CEO Richard G. Thornberry received new stock-based compensation awards. He was granted 114,730 performance-based restricted stock units (RSUs) and 75,250 time-based RSUs, each representing a right to receive one share of common stock.

The time-based RSUs vest in equal parts on each of 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 from 0 to 229,460 based on cumulative growth in LTI Book Value per Share and relative total stockholder return compared with companies in the S&P SmallCap 600 Financials index, followed by a one-year holding period.

Insider Trade Summary

Grant/Award: 189,980 shares

Grant/Award 2 txns

Insider Thornberry Richard G

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - Time-based Award	75,250	$0.00	$0.00
Grant/Award	Restricted Stock Units - Performance Award	114,730	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - Time-based Award — 75,250 contracts (Direct); Restricted Stock Units - Performance Award — 114,730 contracts (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 229,460 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 grant: 114,730 units Time-based RSU grant: 75,250 units Performance RSU potential maximum: 229,460 shares +3 more

6 metrics

Performance-based RSU grant 114,730 units Target award granted May 21, 2026

Time-based RSU grant 75,250 units Granted May 21, 2026

Performance RSU potential maximum 229,460 shares Up to 200% of 114,730 target based on performance

Performance RSU vesting date May 25, 2029 Vesting contingent on LTI book value and TSR performance

Time-based RSU vesting start May 25, 2026 Pro rata vesting on first, second, third anniversaries

RSU-to-share ratio 1:1 Each RSU equals one share of common stock

Key Terms

Restricted Stock Units, performance-based RSUs, time-based RSUs, LTI Book Value per Share, +2 more

6 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, with grantees having the potential to earn a number of shares up to 200% of 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.

time-based RSUs financial

"Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026."

LTI Book Value per Share financial

"based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR)..."

total stockholder return (TSR) financial

"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..."

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 as of April 1, 2026..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What RSU awards did Radian Group (RDN) CEO Richard Thornberry receive?

Richard Thornberry received 114,730 performance-based RSUs and 75,250 time-based RSUs. Each RSU represents a contingent right to one Radian Group common share, forming part of his long-term equity-based compensation package.

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

The 75,250 time-based RSUs vest pro rata on the first, second, and third anniversaries of May 25, 2026. This three-year schedule is designed to retain the CEO and align his compensation with longer-term company performance.

How are Radian Group (RDN) CEO’s performance-based RSUs determined?

The 114,730 performance-based RSUs vest on May 25, 2029, with 0 to 229,460 shares earned. Payout depends on cumulative growth in LTI Book Value per Share and Radian’s total stockholder return versus the S&P SmallCap 600 Financials index over a three-year period.

What is the maximum number of shares the Radian (RDN) CEO could earn from performance RSUs?

The target grant is 114,730 performance-based RSUs, but up to 200% of target can be earned. This means a potential maximum of 229,460 shares, depending on book value growth and relative total stockholder return performance metrics.

Do the Radian Group (RDN) RSUs have an exercise price or purchase cost?

The RSUs were granted at a transaction price and conversion price of $0.00 per unit. As restricted stock units, they do not require a cash exercise; shares are delivered if vesting and performance conditions are satisfied.

Is there a holding requirement on the Radian Group (RDN) CEO’s performance RSUs?

Yes. After the performance-based RSUs vest on May 25, 2029, distribution of the shares is generally subject to a one-year post-vest holding period. This structure further links the CEO’s interests to long-term shareholder outcomes.

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

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Accepted by SEC EDGAR 05/26/2026 - 06:35 PM Learn about SEC filing dates

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^*

Thornberry Richard G

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - Time-based Award	$0(1)	05/21/2026		A		75,250		05/25/2029(2)	(3)	Common Stock	75,250	(3)	75,250(2)	D
Restricted Stock Units - Performance Award	$0(1)	05/21/2026		A	V	114,730(4)		05/25/2029	(3)	Common Stock	114,730	(3)	114,730(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 229,460 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.
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* Form 4: SEC 1474 (03-26)