0000890926-19-000038.txt : 20190516
0000890926-19-000038.hdr.sgml : 20190516
20190516162750
ACCESSION NUMBER: 0000890926-19-000038
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190514
FILED AS OF DATE: 20190516
DATE AS OF CHANGE: 20190516
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McMahon Brien
CENTRAL INDEX KEY: 0001723148
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11356
FILM NUMBER: 19832604
MAIL ADDRESS:
STREET 1: 1500 MARKET ST., WEST TOWER
STREET 2: #2050
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RADIAN GROUP INC
CENTRAL INDEX KEY: 0000890926
STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351]
IRS NUMBER: 232691170
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1500 MARKET STREET
STREET 2: 19TH FLOOR, WEST TOWER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
BUSINESS PHONE: 2155646600
MAIL ADDRESS:
STREET 1: 1500 MARKET ST
STREET 2: 19TH FLOOR, WEST TOWER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
FORMER COMPANY:
FORMER CONFORMED NAME: CMAC INVESTMENT CORP
DATE OF NAME CHANGE: 19960126
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2019-05-14
0000890926
RADIAN GROUP INC
RDN
0001723148
McMahon Brien
RADIAN GROUP INC.
1500 MARKET STREET
PHILADELPHIA
PA
19102
0
1
0
0
Sr.EVP/Chief Franchise Officer
Common Stock
2019-05-14
4
M
0
1863
0
A
23751
D
Common Stock
2019-05-14
4
F
0
1863
22.36
D
21888
D
Restricted Stock Units - Time Vested Award
0
2019-05-15
4
A
0
11100
A
2020-05-15
Common Stock
11100
11100
D
Restricted Stock Units - Performance Award
0
2019-05-15
5
A
0
24390
A
2022-05-15
Common Stock
24390
24390
D
Restricted Stock Unit - Performance Award
0
2019-05-14
4
M
0
1863
D
2019-05-11
Common Stock
1863
48052
D
Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 49,915 Performance based RSUs granted May 11, 2016.
Represents the total RSUs vested (net of shares withheld for taxes pursuant to the Company's equity plan) based on performance of the May 11, 2016 RSU award. These vested RSUs are subject to a one-year holding period after vesting and will be converted into shares on May 11, 2020. These RSUs do not have dividend or voting rights until converted into shares.
Each RSU represents a contingent right to receive one share of common stock.
Vesting of time-based RSUs occurs pro rata on each of the first, second and third anniversaries of the date of grant. The time-based RSUs have no voting or dividend rights.
Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 48,780 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). The RSUs are generally subject to a one-year holding period after vesting.
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. The performance-based RSUs have no voting or dividend rights.
Vesting occured on the third anniversary of the grant date based on satisfaction of perforrmance metrics, subject to the certification of these results on May 14, 2019.
Not Applicable.
Edward J. Hoffman, /s/ Edward J. Hoffman (POA) Atty-in-fact
2019-05-16