Radian CEO exercises RSUs, shares withheld for tax
Radian Group Inc. CEO Richard G. Thornberry reported a series of equity compensation transactions involving restricted stock units and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Radian Group Inc. CEO Richard G. Thornberry reported a series of equity compensation transactions involving restricted stock units and related tax withholding. On May 15, 2026, he acquired a total of 379,799 shares of common stock through the vesting and conversion of performance-based and time-based RSUs granted in prior years.
In connection with these awards, 166,165 shares of common stock were disposed of at $36.93 per share to satisfy tax liabilities under the company’s equity incentive plan, a non-market tax-withholding mechanism rather than an open-market sale. No open-market purchases or sales were reported; all activity reflects equity awards vesting and associated tax withholding.
Insider Trade Summary
379,799 shares exercised/converted
Exercise
11 txns
Insider
Thornberry Richard G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - Performance Award | 287,053 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 31,460 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 25,543 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Time-based Award | 26,200 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - Performance Award | 9,543 | $0.00 | $0.00 |
| Exercise | Common Stock | 287,053 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,460 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,543 | $0.00 | $0.00 |
| Exercise | Common Stock | 26,200 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,543 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 166,165 | $36.93 | $6.14M |
Holdings After Transaction:
Restricted Stock Units - Performance Award — 224,439 contracts (Direct);
Restricted Stock Units - Time-based Award — 77,944 contracts (Direct);
Common Stock — 1,112,512 shares (Direct)
Footnotes (10)
- F1. Represents distribution of shares of common stock upon the vesting of performance-based RSUs that were granted May 11, 2022, which vested on May 15, 2025 subject to a one-year post-vest hold.
- F2. Each RSU represents a contingent right to receive one share of common stock.
- F3. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023.
- F4. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 22, 2024.
- F5. Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 21, 2025.
- F6. Pursuant to the terms of the Company's equity incentive plan, represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 17, 2023, which are subject to a one-year post vest holding period.
- F7. Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon: (a) the distribution of the time-based RSUs granted on May 17, 2023, May 22, 2024, and May 21, 2025; (b) the vesting of 233,982 performance-based RSUs granted May 17, 2023, net of which remain subject to a one year post-vest hold; and (c) the distribution of the performance-based RSUs granted May 11, 2022, following completion of the one-year hold period after vesting of the RSUs.
- F8. Not Applicable
- F9. Vesting occurred on May 15, 2026, based on satisfaction of performance metrics.
- F10. Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 233,982 performance-based RSUs granted May 17, 2023.
Key Figures
RSU-derived shares acquired: 379,799 shares
Shares for tax withholding: 166,165 shares
Tax-withholding price: $36.93 per share
+4 more
7 metrics
RSU-derived shares acquired
379,799 shares
Common stock from RSU vesting and derivative exercises on May 15, 2026
Shares for tax withholding
166,165 shares
Shares disposed to satisfy tax liability related to equity awards
Tax-withholding price
$36.93 per share
Price for 166,165 shares used to satisfy tax obligations
Acquire-side transactions
10 transactions
Exercise or conversion of derivative securities and RSUs
Tax-withholding transactions
1 transaction
Non-derivative disposition to cover tax liabilities
Performance-based RSUs vested
233,982 RSUs
Performance-based RSUs referenced as vesting and subject to post-vest hold
Direct shares after tax-withholding
1,112,512 shares
Direct holdings shown after the tax-withholding disposition transaction
Key Terms
Restricted Stock Units, performance-based RSUs, time-based RSUs, equity incentive plan, +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.
performance-based RSUs financial
"Represents distribution of shares of common stock upon the vesting of performance-based RSUs granted May 11, 2022."
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
"Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 17, 2023."
equity incentive plan financial
"Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax liability financial
"Represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Radian Group (RDN) report for its CEO?
Radian Group reported that CEO Richard G. Thornberry had restricted stock units vest, converting into 379,799 shares of common stock. Related tax obligations were met by disposing of 166,165 shares under the company’s equity incentive plan, not through open-market trading.
What types of RSU awards vested for the Radian Group (RDN) CEO?
Both performance-based and time-based restricted stock units vested. Some performance-based RSUs were subject to performance metrics and one-year post-vest holding periods, while time-based RSUs vested in thirds on specified grant anniversaries, converting into common shares.
How many Radian Group (RDN) insider transactions were reported in this Form 4?
The data show 11 transactions: 10 acquire-side transactions tied to derivative exercises or RSU conversions, and 1 dispose-side transaction for tax withholding. There were no open-market purchase or sale codes reported in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
