Form 4: Radian Group Director Noel Joseph Spiegel Reports Stock Transactions
SEC Form 4 Filing
Director Noel Joseph Spiegel reported the vesting of time-based Restricted Stock Units (RSUs) and subsequent stock transactions at Radian Group Inc.
Summary
- Noel Joseph Spiegel, a director at Radian Group Inc., reported transactions involving the company's common stock on May 15, 2024.
- The transactions included the vesting of 5,899 time-based Restricted Stock Units (RSUs) granted on May 17, 2023.
- Shares were withheld by the company to satisfy state tax withholding obligations, resulting in a disposal of 4 shares at a price of $31.34.
- Following these transactions, Spiegel directly owns 25,903 shares of Radian Group Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral 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.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for the time-based RSUs that vested. |
| 05/15/2024 | Date of the reported transactions, including RSU vesting and share withholding for taxes. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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