Radian chair granted dividend equivalent rights

CULANG HOWARD BERNARD reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

CULANG HOWARD BERNARD reported acquisition or exercise transactions in this Form 4 filing.

Radian Group Inc. director and non-executive chairman Howard Bernard CULANG received a grant of 521.2210 Dividend Equivalent Rights on phantom stock units on June 17, 2026. These derivative rights correspond to the company’s common stock and bring his total reported derivative holdings of this type to 14,165.6760 rights. According to the disclosure, dividend equivalents on previously awarded phantom stock units accrue and will be settled in stock proportionately with the related awards when he retires from the Board of Directors.

Insider Trade Summary

Grant/Award: 521.221 shares

Grant/Award 1 txn

Insider CULANG HOWARD BERNARD

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	521.221	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 14,165.676 contracts (Direct)

Footnotes (2)

F1. Dividend equivalents accrued on previously awarded Phantom Stock Units. Dividend equivalent rights accrued on phantom stock units will be settled proportionately with the previously granted awards to which they relate. Awards will be settled in stock upon retirement from the Board of Directors.
F2. Not Applicable

Key Figures

Dividend Equivalent Rights granted: 521.2210 rights Total Dividend Equivalent Rights after grant: 14,165.6760 rights Transaction price per right: $0.0000 +2 more

5 metrics

Dividend Equivalent Rights granted 521.2210 rights Grant on June 17, 2026

Total Dividend Equivalent Rights after grant 14,165.6760 rights Holdings following June 17, 2026 transaction

Transaction price per right $0.0000 Compensation grant, not open-market purchase

Transaction date June 17, 2026 Date of Dividend Equivalent Rights grant

Underlying common shares 521.2210 shares Underlying security for the rights

Key Terms

Dividend Equivalent Rights, Phantom Stock Units, Common Stock, Board of Directors

4 terms

Dividend Equivalent Rights financial

"Dividend equivalents accrued on previously awarded Phantom Stock Units. Dividend equivalent rights accrued on phantom stock units will be settled proportionately"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Phantom Stock Units financial

"Dividend equivalents accrued on previously awarded Phantom Stock Units. Dividend equivalent rights accrued on phantom stock units will be settled"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Common Stock financial

"underlying_security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Board of Directors financial

"Awards will be settled in stock upon retirement from the Board of Directors."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

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

What insider transaction did Radian Group Inc (RDN) report for Howard Bernard CULANG?

Radian Group Inc reported that director and non-executive chairman Howard Bernard CULANG received 521.2210 Dividend Equivalent Rights on June 17, 2026. These rights are tied to previously awarded phantom stock units and reference the company’s common stock, functioning as a compensation-related derivative award.

How many Dividend Equivalent Rights were granted to the RDN chairman in this Form 4?

The non-executive chairman of Radian Group Inc received 521.2210 Dividend Equivalent Rights in this transaction. These rights accrue as dividend equivalents on existing phantom stock units and are designed to mirror dividends on the underlying common stock as part of the director’s compensation structure.

What is the total number of Dividend Equivalent Rights held after this RDN transaction?

Following this grant, the filing shows total holdings of 14,165.6760 Dividend Equivalent Rights. This figure represents the aggregate derivative position of this type for Howard Bernard CULANG after the June 17, 2026 award, reflecting accumulated dividend equivalents on phantom stock units.

How will Radian Group (RDN) Dividend Equivalent Rights on phantom stock units be settled?

The filing states that dividend equivalent rights on phantom stock units will be settled in stock upon the holder’s retirement from the Board of Directors. Settlement will occur proportionately with the related previously granted awards, aligning eventual share delivery with the underlying phantom stock units.

Do the Radian Group (RDN) Dividend Equivalent Rights involve any purchase price?

The reported transaction shows a price per Dividend Equivalent Right of 0.0000, indicating no cash purchase by the director. These rights are compensation-related grants tied to phantom stock units, rather than open-market share purchases involving a paid acquisition cost.

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

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Accepted by SEC EDGAR 06/22/2026 - 06:13 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^*

CULANG HOWARD BERNARD

(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
	Officer (give title below)	X	Other (specify below)
			Non-Exec Chairman of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)
Dividend Equivalent Rights	$0	06/17/2026		A		521.221		⁽¹⁾	⁽¹⁾	Common Stock	521.221	⁽²⁾	14,165.676⁽¹⁾	D

Explanation of Responses:

1. Dividend equivalents accrued on previously awarded Phantom Stock Units. Dividend equivalent rights accrued on phantom stock units will be settled proportionately with the previously granted awards to which they relate. Awards will be settled in stock upon retirement from the Board of Directors.

2. Not Applicable

	Elizabeth Diffley /s/, Elizabeth Diffley, (POA) Atty-in-fact	06/22/2026
	** 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