Form 4: Radian Group EVP, Controller & CAO Robert Quigley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Robert Quigley, EVP, Controller & CAO of Radian Group Inc., reports changes in beneficial ownership of common stock due to vesting of restricted stock units.
Summary
- Robert Quigley, EVP, Controller & CAO of Radian Group Inc., filed a Form 4 on May 17, 2024, reporting changes in beneficial ownership.
- On May 15, 2024, Quigley acquired shares of common stock through the vesting of time-based and performance-based Restricted Stock Units (RSUs).
- Specifically, 1,384 shares vested from RSUs granted on May 12, 2021, 1,513 shares from RSUs granted on May 11, 2022, and 1,573 shares from RSUs granted on May 17, 2023.
- Additionally, 555 shares were distributed to satisfy tax liabilities related to the vesting of performance-based RSUs granted on May 12, 2021.
- The company withheld 2,501 shares to cover tax liabilities associated with the vesting of both time-based and performance-based RSUs.
- Following these transactions, Quigley's direct ownership of Radian Group Inc. common stock is 55,082 shares.
Sentiment
Score: 6
Explanation: The document is neutral in tone, simply reporting transactions related to executive compensation. The vesting of RSUs suggests performance targets were met, which is mildly positive.
Positives
- The vesting of RSUs indicates that performance metrics were likely met, which could be seen as a positive sign.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The change in ownership is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/12/2021 | Grant date of time-based and performance-based RSUs. |
| 05/11/2022 | Grant date of time-based RSUs. |
| 05/17/2023 | Grant date of time-based RSUs. |
| 05/15/2024 | Date of transaction (vesting of RSUs). |
| 05/17/2024 | Date of Form 4 filing. |
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