Radian Group (NYSE: RDN) grants CEO-elect major performance and time RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weinbach Michael S reported acquisition or exercise transactions in this Form 4 filing.
Radian Group’s CEO-elect Michael S. Weinbach received new equity awards in the form of restricted stock units (RSUs). He was granted 77,090 performance-based RSUs and 185,020 additional performance-based RSUs, each representing a right to receive one share of common stock if conditions are met.
He was also granted 150,000 time-based RSUs that vest in three equal installments on the first, second, and third anniversaries of May 25, 2026. The performance-based RSUs can vest between 0 and 370,040 shares and between 0 and 154,180 shares on May 25, 2029, based on cumulative growth in LTI Book Value per Share and relative total stockholder return, followed by a one-year holding period.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Weinbach Michael S
Role
Chief Executive Officer- Elect
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units - Time-based Award | 150,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - Performance Award | 185,020 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - Performance Award | 77,090 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units - Time-based Award — 150,000 shares (Direct, null);
Restricted Stock Units - Performance Award — 185,020 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 the grantee 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 370,040 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. Vesting of the performance-based RSUs occurs on May 25, 2029 (between 0 and 154,180 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 RSUs grant 1: 77,090 RSUs
Performance RSUs grant 2: 185,020 RSUs
Time-based RSUs: 150,000 RSUs
+3 more
6 metrics
Performance RSUs grant 1
77,090 RSUs
Target performance-based RSUs granted on June 1, 2026
Performance RSUs grant 2
185,020 RSUs
Target performance-based RSUs granted on June 1, 2026
Time-based RSUs
150,000 RSUs
Time-based RSUs granted on June 1, 2026
Max shares from larger performance grant
370,040 shares
Performance-based RSUs vesting range on May 25, 2029
Max shares from smaller performance grant
154,180 shares
Performance-based RSUs vesting range on May 25, 2029
Performance period length
3 years
Based on cumulative LTI Book Value per Share growth and TSR
Key Terms
Restricted Stock Units, LTI Book Value per Share, total stockholder return (TSR), 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 (TSR) financial
"Radian's total stockholder return (TSR) in comparison to the TSR of each of the companies"
S&P SmallCap 600 Financials index financial
"companies included in the S&P SmallCap 600 Financials index as of April 1, 2026"
post-vest holding period financial
"Distribution of the shares generally is subject to a one-year post-vest holding period."
FAQ
What equity awards did Radian Group (RDN) grant to CEO-elect Michael S. Weinbach?
Radian Group granted Michael S. Weinbach a mix of performance-based and time-based restricted stock units. He received 77,090 and 185,020 performance RSUs plus 150,000 time-based RSUs, each representing a contingent right to one share of Radian common stock upon vesting.
How do the time-based RSUs for Radian’s CEO-elect vest?
The 150,000 time-based RSUs vest in three equal installments on the first, second, and third anniversaries of May 25, 2026. This creates a multi-year vesting schedule that aligns part of the CEO-elect’s compensation with continued service over that period.
What determines how many performance RSUs Michael S. Weinbach ultimately receives at Radian (RDN)?
The number of shares earned from the performance RSUs depends on Radian’s cumulative growth in LTI Book Value per Share and total stockholder return versus the S&P SmallCap 600 Financials index. Results over a three-year performance period determine vesting outcomes on May 25, 2029.
When will Radian’s performance-based RSUs granted to the CEO-elect vest?
Both sets of performance-based RSUs are scheduled to vest on May 25, 2029. Vesting depends on three-year performance against LTI Book Value per Share and relative total stockholder return metrics, and distributions are generally subject to a one-year post-vest holding period.