Radian director granted dividend equivalent rights

Radian Group Inc. director compensation activity: Non-executive chairman Howard Bernard Culang received an automatic grant of 545.707 dividend equivalent rights tied to previously awarded phantom stock units on March 10, 2026.

Rhea-AI Filing Summary

Radian Group Inc. director compensation activity: Non-executive chairman Howard Bernard Culang received an automatic grant of 545.707 dividend equivalent rights tied to previously awarded phantom stock units on March 10, 2026. These derivative rights track the company’s common stock and had no cash exercise price.

Following this grant, Culang directly holds a total of 13,644.455 dividend equivalent rights. According to the disclosure, these rights will be settled in Radian Group common stock, proportionately with the related phantom stock unit awards, when he retires from the Board of Directors.

Insider Trade Summary

Grant/Award: 545.707 shares

Grant/Award 1 txn

Insider CULANG HOWARD BERNARD

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	545.707	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 13,644.455 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. Not Applicable

FAQ

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

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

Radian Group reported that non-executive chairman Howard Bernard Culang received 545.707 dividend equivalent rights on March 10, 2026. These rights were granted as part of his existing phantom stock unit awards and represent additional compensation linked to Radian’s common stock performance.

What are the dividend equivalent rights granted to the Radian Group (RDN) chairman?

The dividend equivalent rights represent accrued amounts on previously awarded phantom stock units. For Howard Bernard Culang, 545.707 rights were granted, with no exercise price. They are designed to mirror dividends on Radian’s common stock and will ultimately be settled in shares upon his Board retirement.

How many dividend equivalent rights does Howard Bernard Culang hold after this Radian (RDN) Form 4?

After the March 10, 2026 grant, Howard Bernard Culang holds a total of 13,644.455 dividend equivalent rights directly. These rights are connected to phantom stock unit awards and are scheduled to be settled in Radian Group common stock when he retires from the Board of Directors.

Does the Radian Group (RDN) Form 4 show a stock purchase or sale by the chairman?

The filing does not show a stock purchase or sale; it reports an acquisition of 545.707 dividend equivalent rights as compensation. The transaction is coded as a grant or award of derivative securities rather than an open-market buy or sell of common stock.

When will the Radian Group (RDN) dividend equivalent rights be settled for the chairman?

The disclosure states that dividend equivalent rights on phantom stock units will be settled in Radian Group common stock when Howard Bernard Culang retires from the Board. Settlement will occur proportionately with the underlying previously granted phantom stock unit awards.

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

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Accepted by SEC EDGAR 03/12/2026 - 06:17 PM Learn about SEC filing dates

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 PA 19087

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	$0	03/10/2026		A		545.707		(1)	(1)	Common Stock	545.707	(2)	13,644.455	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	03/12/2026
	** 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.