Radian Group (NYSE: RDN) grants RSU awards to Chief Digital Officer

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ray Eric reported acquisition or exercise transactions in this Form 4 filing.

Radian Group Inc. reported that Sr. EVP and Chief Digital Officer Eric Ray received new equity awards in the form of restricted stock units (RSUs). He was granted 14,750 performance-based RSUs and 9,680 time-based RSUs, each representing a contingent right to receive one share of common stock.

The time-based RSUs vest pro rata 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 payout between 0 and 29,500 shares based on cumulative growth in 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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ray Eric

Role Sr. EVP, Chief Digital Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - Time-based Award	9,680	$0.00	--
Grant/Award	Restricted Stock Units - Performance Award	14,750	$0.00	--

Holdings After Transaction: Restricted Stock Units - Time-based Award — 9,680 shares (Direct, null); Restricted Stock Units - Performance Award — 14,750 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 29,500 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: 14,750 units Time-based RSUs granted: 9,680 units Performance RSU potential maximum: 29,500 shares +2 more

5 metrics

Performance-based RSUs granted 14,750 units Award to Eric Ray on May 21, 2026

Time-based RSUs granted 9,680 units Award to Eric Ray on May 21, 2026

Performance RSU potential maximum 29,500 shares Up to 200% of 14,750 target award

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

Performance RSU vesting date May 25, 2029 Subject to three-year performance metrics and holding period

Key Terms

Restricted Stock Units, LTI Book Value per Share, total stockholder return, S&P SmallCap 600 Financials index, +1 more

5 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 financial

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

Total stockholder return is the percentage gain or loss an investor would have experienced over a period from both changes in a stock’s price and any cash payouts such as dividends, assuming those payouts are reinvested in the stock. It matters because it shows the complete financial outcome of owning a share — like measuring both a house’s change in sale value and the rent you collected — and lets investors fairly compare performance across companies and time.

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"

post-vest holding period financial

"Distribution of the shares generally is subject to a one-year post-vest holding period."

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Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:35 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^*

Ray Eric

(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, Chief Digital 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)
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		9,680		05/25/2029⁽²⁾	⁽³⁾	Common Stock	9,680	⁽³⁾	9,680⁽²⁾	D
Restricted Stock Units - Performance Award	$0⁽¹⁾	05/21/2026		A	V	14,750⁽⁴⁾		05/25/2029	⁽³⁾	Common Stock	14,750	⁽³⁾	14,750⁽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 29,500 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 equity awards did Radian Group (RDN) grant to Eric Ray?

Radian Group granted Eric Ray 14,750 performance-based RSUs and 9,680 time-based RSUs. Each RSU is a contingent right to receive one share of common stock, subject to vesting conditions and performance or service requirements.

How do Eric Ray’s time-based RSUs at Radian Group (RDN) vest?

The 9,680 time-based RSUs vest in three equal installments on the first, second and third anniversaries of May 25, 2026. Vesting requires continued service, aligning compensation with longer-term employment at Radian Group.

What performance conditions affect Eric Ray’s Radian (RDN) performance RSUs?

The 14,750 performance-based RSUs vest on May 25, 2029, based 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 performance period.

How many Radian (RDN) shares can Eric Ray ultimately earn from performance RSUs?

The reported 14,750 performance-based RSUs represent a target award. Depending on performance, Eric Ray may earn between 0 and 29,500 shares, up to 200% of the target, once vesting conditions are evaluated.

Is there a holding period after Eric Ray’s Radian (RDN) performance RSUs vest?

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, further extending the alignment between executive rewards and shareholder outcomes.