Form 4: Radian Group Executive Exercises Stock Options, Adjusts Holdings

Radian Group Inc.'s EVP, Corporate Controller, and CAO, Robert Quigley, exercised stock options and adjusted his common stock holdings, including shares withheld for tax liabilities.

Summary

• Robert Quigley, EVP, Corporate Controller, and CAO of Radian Group Inc. (RDN), exercised 2,050 stock options at an exercise price of $18.42 per share on July 8, 2025.
• Following the exercise, 1,491 shares of common stock were disposed of at a price of $35.64 per share to cover the option cost and tax liability.
• The net effect of these transactions resulted in Robert Quigley beneficially owning 61,446 shares of common stock directly.
• The total beneficial ownership of common stock prior to the disposition for tax purposes was 62,937 shares, which included 120 shares acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2025.
• The exercised stock options were performance awards that became exercisable on July 9, 2018, and expired on July 8, 2025.

Sentiment

Score: 7

Explanation: The transactions are routine for an executive exercising stock options and managing tax liabilities. The exercise itself indicates the options were in-the-money, which is a positive for the executive and indirectly for the company's stock performance.

Positives

• Exercise of 2,050 stock options indicates the options were in-the-money, suggesting the stock price was above the exercise price of $18.42.
• The executive's continued beneficial ownership of 61,446 shares of common stock aligns interests with shareholders.
• Acquisition of 120 shares through the Employee Stock Purchase Plan demonstrates ongoing participation in company equity programs.

Negatives

• Disposition of 1,491 shares to cover option cost and tax liability reduces the direct shareholding from the gross exercise amount.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions reflect an executive's exercise of vested equity, aligning their interests with shareholders. The disposition for tax purposes is a standard part of this process.

Key Dates

Recommendation

Keywords

Radian Group Inc., RDN, Robert Quigley, SEC Form 4, Insider Trading, Stock Options, Equity Compensation, Stock Purchase Plan, Corporate Controller, CAO, Beneficial Ownership