Form 4: Brian D. Montgomery Reports Radian Group Inc. Stock Transactions
SEC Form 4 Filing
Director Brian D. Montgomery reports stock transactions for Radian Group Inc., including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On May 15, 2024, Brian D. Montgomery, a director of Radian Group Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- 5,899 shares were acquired through the vesting of time-based RSUs granted on May 17, 2023.
- 13 shares were disposed of to satisfy state tax withholding obligations at a price of $31.34 per share.
- Following these transactions, Montgomery directly owns 14,922 shares of Radian Group Inc. common stock.
- The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for the time-based RSUs that vested on May 15, 2024. |
| 05/15/2024 | Date of the reported transactions: vesting of RSUs and shares withheld for tax obligations. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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