Form 4: Radian Group Director Noel Joseph Spiegel Reports Transaction
SEC Form 4
Director Noel Joseph Spiegel reports acquisition and disposal of Radian Group Inc. securities.
Summary
- Noel Joseph Spiegel, a director of Radian Group Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 23, 2024, Spiegel disposed of 5,895 shares of common stock at a price of $31.8 per share.
- Following this transaction, Spiegel directly owns 20,008 shares of common stock.
- On May 22, 2024, Spiegel acquired 5,109 Restricted Stock Units (RSUs) as part of an annual equity award.
- These time-based RSUs vest on May 15, 2025, and each RSU represents a contingent right to receive one share of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents routine transactions by a company director. The RSU grant is a positive sign, while the sale of shares could be for personal financial management.
Positives
- The acquisition of RSUs indicates continued alignment of the director's interests with the company's long-term performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely monitored by investors to gauge sentiment and potential future actions of key personnel.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of RSU award to Noel Joseph Spiegel. |
| 05/23/2024 | Date of common stock disposal by Noel Joseph Spiegel. |
| 05/15/2025 | Vesting date for the time-based RSUs. |
| 05/24/2024 | Date of Form 4 filing. |
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