Form 4: Radian Group CFO Sumita Pandit Reports Stock Transactions
SEC Form 4 Filing
Sumita Pandit, CFO of Radian Group, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 6, 2025, Sumita Pandit, the CFO of Radian Group Inc., reported transactions involving Radian Group's common stock.
- Ms. Pandit vested 32,823 restricted stock units (RSUs) which converted into an equal number of common stock shares.
- Simultaneously, 15,291 shares were withheld by the company to cover tax liabilities arising from the RSU vesting at a price of $31.64 per share.
- Following these transactions, Ms. Pandit directly owns 17,532 shares of Radian Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Date of grant of the time-based RSUs. |
| 03/06/2025 | Date of RSU vesting and stock transactions. |
| 03/07/2025 | Date of signature of the Form 4 by Edward J. Hoffman, attorney-in-fact. |
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