Form 4: Radian Group Executive Brummer Reports Stock Transactions Following RSU Vesting

Derek Brummer, President of Mortgage Insurance at Radian Group, reports the acquisition of shares through RSU vesting and subsequent disposal to cover tax liabilities.

Summary

• Derek Brummer, President, Mortgage Insurance at Radian Group, filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred on May 15, 2024, and involved the vesting of restricted stock units (RSUs) and the acquisition of common stock.
• A portion of the acquired shares was used to cover tax liabilities associated with the RSU vesting.
• Brummer acquired 10,284 shares, 11,017 shares, 10,486 shares and 4,127 shares of common stock upon the vesting of time-based and performance-based RSUs.
• 17,971 shares were disposed of to satisfy tax liabilities.
• Following these transactions, Brummer directly owns 273,023 shares of Radian Group common stock.
• He also holds 99,113 performance-based RSUs and 20,974 time-based RSUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC for company insiders, providing transparency into their trading activities. This filing indicates the vesting of previously granted equity compensation.

Key Dates