Form 4: Radian Group EVP, Controller & CAO Reports Changes in Beneficial Ownership
SEC Form 4
Robert Quigley, EVP, Controller & CAO of Radian Group Inc., reports transactions involving common stock and restricted stock units.
Summary
- Robert Quigley, an executive at Radian Group Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The transactions primarily involve the vesting and distribution of restricted stock units (RSUs), both time-based and performance-based.
- These RSUs were granted on various dates in 2021, 2022, 2023 and 2024 and vested on May 15, 2024 and May 15, 2025.
- The transactions also include shares acquired through the Radian Group Inc. Employee Stock Purchase Plan on December 31, 2024.
- Shares were also withheld by the company to cover tax liabilities associated with the vesting of RSUs.
- Following these transactions, Quigley directly owns 60,767 shares of Radian Group Inc. common stock.
- He also holds derivative securities including 1,574 time-based RSUs and 13,805 performance-based RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. The transactions are part of a pre-determined compensation plan.
Positives
- The vesting of RSUs indicates that Quigley is meeting performance metrics or time-based requirements set by the company.
- Participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- Employees participating in the Employee Stock Purchase Plan benefit from the opportunity to acquire company stock.
Key Dates
| Date | Description |
|---|---|
| 05/12/2021 | Date of grant for 13,325 performance-based RSUs. |
| 05/11/2022 | Date of grant for 1,514 time-based RSUs and 14,380 performance-based RSUs. |
| 05/17/2023 | Date of grant for 1,573 time-based RSUs. |
| 05/22/2024 | Date of grant for 1,386 time-based RSUs. |
| 12/31/2024 | Date of common stock acquisition through Employee Stock Purchase Plan. |
| 05/15/2024 | Vesting date for RSUs granted May 12, 2021. |
| 05/15/2025 | Date of transactions reported in Form 4. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, Radian Group Inc., RDN, restricted stock units, RSUs, stock options, executive compensation, insider trading
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