0001062993-23-016272.txt : 20230811
0001062993-23-016272.hdr.sgml : 20230811
20230811162605
ACCESSION NUMBER: 0001062993-23-016272
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230809
FILED AS OF DATE: 20230811
DATE AS OF CHANGE: 20230811
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Thornberry Richard G
CENTRAL INDEX KEY: 0001699782
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11356
FILM NUMBER: 231164499
MAIL ADDRESS:
STREET 1: RADIAN
STREET 2: 1601 MARKET ST
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
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: 550 EAST SWEDESFORD ROAD
STREET 2: SUITE 350
CITY: WAYNE
STATE: PA
ZIP: 19087
BUSINESS PHONE: 2155646600
MAIL ADDRESS:
STREET 1: 550 EAST SWEDESFORD ROAD
STREET 2: SUITE 350
CITY: WAYNE
STATE: PA
ZIP: 19087
FORMER COMPANY:
FORMER CONFORMED NAME: CMAC INVESTMENT CORP
DATE OF NAME CHANGE: 19960126
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2023-08-09
0000890926
RADIAN GROUP INC
RDN
0001699782
Thornberry Richard G
RADIAN GROUP INC.
550 E SWEDESFORD ROAD, #350
WAYNE
PA
19087
0
1
0
0
Chief Executive Officer
0
Restricted Stock Units - Performance Award
0
2023-08-09
5
A
0
E
350000
A
2026-12-31
Common Stock
350000
350000
D
Each RSU represents a contingent right to receive one share of common stock.
Represents a one-time outperformance award of performance-based RSUs granted to Mr. Thornberry in connection with the extension of his employment agreement with the Company. The number of reported performance-based RSUs represents the target award, with Mr. Thornberry having the potential to earn a number of shares up to 150% of the target award.
Not Applicable.
Subject to certain conditions set forth in the grant agreement, vesting of the performance-based RSUs occurs on December 31, 2026 (between 0 and 525,00 shares) based on the Company's "Cumulative Growth in Book Value Per Share" (as defined in the grant agreement) and the "Company Absolute TSR" as compared to the "Average Peer Group TSR" (each as defined in the grant agreement), over a performance period beginning on July 1, 2023 and ending on December 31, 2026.
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact
2023-08-11