What is the potential share range for Radian’s performance-based RSUs granted to the CEO-elect?

The performance-based RSUs can result in between 0 and 370,040 shares for one grant and between 0 and 154,180 shares for another. These ranges reflect up to 200% of the target awards, depending on Radian’s financial and stock performance metrics.

Radian CEO-elect receives new RSU awards

Weinbach Michael S reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

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Form Type

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.

Insider Trade Summary

Grant/Award: 412,110 shares

Grant/Award 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	$0.00
Grant/Award	Restricted Stock Units - Performance Award	185,020	$0.00	$0.00
Grant/Award	Restricted Stock Units - Performance Award	77,090	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - Time-based Award — 150,000 contracts (Direct); Restricted Stock Units - Performance Award — 262,110 contracts (Direct)

Footnotes (6)

F1. Each RSU represents a contingent right to receive one share of common stock.
F2. Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 25, 2026.
F3. Not Applicable
F4. 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.
F5. 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.
F6. 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

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

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.

Do the RSU grants to Radian’s CEO-elect involve any cash purchase or sale of shares?

These RSU grants are compensation awards, not open-market purchases or sales. Each RSU represents a contingent right to receive one share of common stock at no exercise price, subject to service-based vesting or performance conditions described in the award terms.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/03/2026 - 04:58 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^*

Weinbach Michael S

(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)
	Chief Executive Officer- Elect

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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⁾	06/01/2026		A		150,000		05/25/2029⁽²⁾	⁽³⁾	Common Stock	150,000	⁽³⁾	150,000⁽²⁾	D
Restricted Stock Units - Performance Award	$0⁽¹⁾	06/01/2026		A	V	185,020⁽⁴⁾		05/25/2029	⁽³⁾	Common Stock	185,020	⁽³⁾	185,020⁽⁴⁾⁽⁵⁾	D
Restricted Stock Units - Performance Award	$0⁽¹⁾	06/01/2026		A	V	77,090⁽⁴⁾		05/25/2029	⁽³⁾	Common Stock	77,090	⁽³⁾	77,090⁽⁴⁾⁽⁶⁾	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 the grantee 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 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.

6. 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.

	Elizabeth Diffley /s/,Elizabeth Diffley, (POA) Atty-in-fact	06/03/2026
	** 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