Form 4: Radian Group Inc. Executive Mary Dickerson Reports Changes in Beneficial Ownership
SEC Form 4
Mary Dickerson, Sr. EVP, CPO & COO of Radian Group Inc., reports transactions involving common stock and restricted stock units, resulting in adjustments to her beneficial ownership.
Summary
- On May 15, 2024, Mary Dickerson, a Sr. EVP, CPO & COO at Radian Group Inc., reported transactions related to common stock and restricted stock units (RSUs).
- These transactions involved the vesting of time-based and performance-based RSUs, as well as the acquisition and disposal of shares to cover tax liabilities.
- The vesting of RSUs granted on May 12, 2021, May 11, 2022, and May 17, 2023, resulted in the acquisition of common stock.
- Shares were also withheld to satisfy tax liabilities associated with the vesting of these RSUs.
- Dickerson also acquired 1,185 shares through the Radian Group Inc. Employee Stock Purchase Plan between June 30, 2023, and December 31, 2023.
- Following these transactions, Dickerson's directly held beneficial ownership of common stock is 18,975 shares, and she holds derivative securities including 1,890 time-based RSUs, 5,247 time-based RSUs, and 14,929 performance-based RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation and stock ownership. There is no indication of unusual or concerning activity.
Positives
- The vesting of RSUs indicates that Dickerson is meeting performance or time-based milestones set by the company.
- Participation in the Employee Stock Purchase Plan shows confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/12/2021 | Date of grant for time-based and performance-based RSUs. |
| 05/11/2022 | Date of grant for time-based RSUs. |
| 05/17/2023 | Date of grant for time-based RSUs. |
| 06/30/2023 | Start date for Employee Stock Purchase Plan shares acquired. |
| 12/31/2023 | End date for Employee Stock Purchase Plan shares acquired. |
| 05/15/2024 | Date of transactions reported in the Form 4. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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