Form 4: Radian Group EVP, Controller & CAO Reports Stock Transactions

Robert Quigley, EVP, Controller & CAO of Radian Group Inc., reports the distribution of shares related to vested RSUs and shares withheld for tax liability.

Summary

• Robert Quigley, EVP, Controller & CAO of Radian Group Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 13, 2024, 20,929 shares of common stock were distributed related to RSUs granted on May 13, 2020, which vested on May 13, 2023, and were subject to a one-year post-vest hold.
• Additionally, 8,611 shares were withheld by the company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs at a price of $31.43.
• Following these transactions, Quigley beneficially owns 52,558 shares of common stock.
• The report also notes that 151 shares of common stock were acquired through the Radian Group Inc. Employee Stock Purchase Plan on December 31, 2023.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with the most knowledge of the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates