Form 4: Radian Group Executive Derek Brummer Reports Stock Transactions
SEC Form 4 Filing
Derek Brummer, President of Mortgage Insurance at Radian Group, reports the distribution of shares related to previously granted and vested Restricted Stock Units (RSUs), as well as shares withheld for tax liabilities.
Summary
- On May 13, 2024, Derek Brummer, President of Mortgage Insurance at Radian Group, reported transactions involving Radian Group Inc. common stock.
- These transactions include the distribution of 115,108 shares of common stock related to RSUs that were granted on May 13, 2020, vested on May 13, 2023, and were subject to a one-year post-vest hold.
- Additionally, 47,425 shares were withheld by the company to cover tax liabilities incurred upon the distribution of these performance-based RSUs at a price of $31.43 per share.
- Following these transactions, Brummer directly owns 255,080 shares of Radian Group Inc. common stock.
- Brummer also owns 0 Restricted Stock Units Performance Awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. The transactions reflect the vesting and distribution of previously granted equity awards, a common practice in executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/13/2020 | Date RSUs were granted. |
| 05/13/2023 | Date RSUs vested. |
| 06/30/2023 | Start date of Employee Stock Purchase Plan acquisitions. |
| 12/31/2023 | End date of Employee Stock Purchase Plan acquisitions. |
| 05/13/2024 | Date of reported stock transactions and RSU distribution. |
| 05/15/2024 | Date of Form 4 filing. |
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