Form 4: Radian Group CEO Richard Thornberry Reports Stock Transactions
SEC Form 4 Filing
Radian Group's CEO, Richard Thornberry, reports the distribution and tax withholding of common stock related to previously granted and vested Restricted Stock Units (RSUs).
Summary
- Richard G. Thornberry, CEO of Radian Group Inc., reported transactions involving the company's common stock on May 13, 2024.
- These transactions include the distribution of 388,011 shares of common stock related to RSUs granted on May 13, 2020, which vested on May 13, 2023, and were subject to a one-year post-vest hold.
- Additionally, 165,795 shares were withheld by the company to cover tax liabilities incurred upon the distribution of these performance-based RSUs at a price of $31.43.
- Following these transactions, Thornberry directly owns 875,986 shares of Radian Group Inc. common stock.
- Thornberry also continues to hold Restricted Stock Units Performance Awards which convert to 388,011 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding executive compensation and stock ownership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
- The tax withholding impacts the CEO's net stock gain.
Key Dates
| Date | Description |
|---|---|
| 05/13/2020 | Date of grant for the Restricted Stock Units (RSUs). |
| 05/13/2023 | Date the Restricted Stock Units (RSUs) vested. |
| 06/30/2023 | Date of common stock acquisition through the Employee Stock Purchase Plan. |
| 05/13/2024 | Date of the reported transactions, including RSU distribution and tax withholding. |
| 05/15/2024 | Date of signature for the SEC Form 4 filing. |
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