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 May 15, 2024, Sumita Pandit, the CFO of Radian Group, reported transactions involving Radian Group's common stock.
- 7,866 shares of common stock were acquired upon the vesting of one-third of time-based Restricted Stock Units (RSUs) granted on May 17, 2023.
- 4,049 shares were withheld by the company to satisfy tax liabilities incurred upon the distribution of these RSUs at a price of $31.34 per share.
- Following these transactions, Pandit directly owns 3,817 shares of Radian Group common stock and 15,734 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; therefore, the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, transact in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for the time-based RSUs. |
| 05/15/2024 | Date of the reported transactions: RSU vesting and tax withholding. |
| 05/17/2024 | Date of signature of the report. |
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