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, 2025, Mary Dickerson, Sr. EVP, CPO & COO of Radian Group Inc., engaged in transactions involving common stock and restricted stock units (RSUs).
- These transactions included the distribution of shares related to RSUs that vested, acquisition of shares upon vesting of time-based RSUs, and shares withheld to satisfy tax liabilities.
- Dickerson acquired 14,929 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.
- She also acquired 1,890 shares upon the vesting of one-third of time-based RSUs granted on May 11, 2022, 2,623 shares from RSUs granted on May 17, 2023, and 2,556 shares from RSUs granted on May 22, 2024.
- Additionally, 718 shares were distributed to satisfy tax liabilities upon the vesting of performance-based RSUs granted May 11, 2022.
- The company withheld 9,027 shares to cover tax liabilities related to the distribution of time-based RSUs and the vesting of performance-based RSUs.
- Following these transactions, Dickerson's direct ownership of common stock is 13,999 shares.
- She also holds 2,624 time-based RSUs granted on May 17, 2023, 5,114 time-based RSUs granted on May 22, 2024, and 17,253 performance-based RSUs granted May 11, 2022, subject to a one-year post-vest hold.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information. The sentiment is neutral to slightly positive as it reflects ongoing executive compensation and alignment with company performance.
Positives
- The executive's continued holding of RSUs and common stock demonstrates alignment with the company's long-term performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including the use of RSUs, are common across the financial services industry.
- Companies like MGIC Investment Corp. and Essent Group Ltd., which are also in the mortgage insurance sector, typically use similar equity-based compensation plans to align executive interests with shareholder value.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
- Employees participating in the Employee Stock Purchase Plan are indirectly affected by the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/12/2021 | Date of grant for 14,929 RSUs that vested on May 15, 2024, subject to a one-year post-vest hold. |
| 05/11/2022 | Date of grant for time-based RSUs, one-third of which vested on May 15, 2025. |
| 05/11/2022 | Date of grant for performance-based RSUs that vested, with shares distributed to satisfy tax liability. |
| 05/17/2023 | Date of grant for time-based RSUs, one-third of which vested on May 15, 2025. |
| 05/22/2024 | Date of grant for time-based RSUs, one-third of which vested on May 15, 2025. |
| 12/31/2024 | Date of acquisition of 310 shares of common stock through the Radian Group Inc. Employee Stock Purchase Plan. |
| 05/15/2024 | Vesting date for 14,929 RSUs granted on May 12, 2021, subject to a one-year post-vest hold. |
| 05/15/2025 | Date of transactions involving common stock and restricted stock units. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Radian Group Inc., Mary Dickerson, Beneficial Ownership, Form 4, RSUs, Common Stock, Vesting, Tax Liability
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