Form 4: Radian Group Inc. Executive Eric Ray Reports Stock Transactions
SEC Form 4
Eric Ray, a Senior EVP and Chief Digital Officer at Radian Group Inc., reports the acquisition and disposal of common stock and restricted stock units on May 15, 2025, resulting in adjustments to his beneficial ownership.
Summary
- On May 15, 2025, Eric Ray, a Senior EVP and Chief Digital Officer at Radian Group Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions included the distribution of shares related to RSUs granted in previous years, vesting of time-based RSUs, and shares distributed to cover tax liabilities.
- Ray acquired 56,086 shares related to RSUs granted on May 12, 2021, which vested on May 15, 2024, and were subject to a one-year post-vest hold.
- He also acquired 5,667 shares upon the vesting of one-third of time-based RSUs granted on May 11, 2022, 4,720 shares from RSUs granted on May 17, 2023, and 3,833 shares from RSUs granted on May 22, 2024.
- Additionally, 2,010 shares were distributed to satisfy tax liabilities from a performance-based RSU award granted on May 11, 2022.
- The company withheld 28,359 shares to cover tax liabilities related to the distribution of time-based RSUs and the vesting of performance-based RSUs.
- Following these transactions, Ray directly owns 43,957 shares of common stock.
- He also holds 51,865 performance-based RSUs subject to a one-year post-vest hold.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- Employees who hold RSUs may be interested in the vesting schedules and tax implications of their awards.
Key Dates
| Date | Description |
|---|---|
| May 12, 2021 | Date of grant for RSUs that vested on May 15, 2024, and were subject to a one-year post-vest hold. |
| May 11, 2022 | Date of grant for one-third of time-based RSUs that vested. |
| May 11, 2022 | Date of grant for performance-based RSUs. |
| May 17, 2023 | Date of grant for one-third of time-based RSUs that vested. |
| May 22, 2024 | Date of grant for one-third of time-based RSUs that vested. |
| May 15, 2024 | Vesting date of RSUs granted on May 12, 2021. |
| May 15, 2025 | Date of reported transactions. |
| May 19, 2025 | Date of signature. |
Keywords
Radian Group Inc., Eric Ray, Form 4, Stock Transactions, RSUs, Beneficial Ownership, Common Stock, Vesting
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