Form 4: Radian Group EVP, Controller & CAO Robert Quigley Reports Stock Option Exercise and Share Withholding

Robert Quigley, EVP, Controller & CAO of Radian Group Inc., reports exercising stock options and subsequent share withholding to cover exercise price and tax liability.

Summary

• On June 14, 2024, Robert Quigley, EVP, Controller & CAO of Radian Group Inc., exercised stock options for 2,470 shares of common stock at a price of $15.44.
• The options were part of an award expiring on June 16, 2024.
• Radian Group Inc. withheld 1,794 shares at a price of $29.96 to cover the exercise price and tax liability associated with the stock option exercise.
• Following these transactions, Quigley directly owns 55,758 shares of Radian Group Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock option exercise and share withholding) and doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock; this filing indicates routine transactions related to executive compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small dilution of shares.

Key Dates