02/23/2026 | Press release | Distributed by Public on 02/23/2026 17:15
|
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
|
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units - Performance Award | 05/15/2026 | (1) | Common Stock | 7,080(3)(4) | $0(2) | D | |
| Restricted Stock Units - Performance Award | 05/15/2027 | (1) | Common Stock | 6,230(3)(5) | $0(2) | D | |
| Restricted Stock Units - Performance Award | 05/15/2028 | (1) | Common Stock | 6,350(3)(6) | $0(2) | D | |
| Restricted Stock Units - Time-based Award | 05/15/2026 | (1) | Common Stock | 1,574(7) | $0(2) | D | |
| Restricted Stock Units - Time-based Award | 05/15/2027 | (1) | Common Stock | 2,774(8) | $0(2) | D | |
| Restricted Stock Units - Time-based Award | 05/15/2028 | (1) | Common Stock | 4,240(9) | $0(2) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Kobell Daniel RADIAN GROUP INC., 550 E SWEDESFORD ROAD #350 WAYNE, PA 19087 |
Sr. EVP, Interim CFO | |||
| Elizabeth Diffley /s/,Elizabeth Diffley, (POA) Atty-in-fact | 02/23/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | N/A |
| (2) | Each RSU represents a contingent right to receive one share of common stock. |
| (3) | The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. |
| (4) | Vesting of the performance-based RSUs occurs on May 15, 2026 (between 0 and 14,160 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. |
| (5) | Vesting of the performance-based RSUs occurs on May 15, 2027 (between 0 and 12,460 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. |
| (6) | Vesting of the performance-based RSUs occurs on May 15, 2028 (between 0 and 12,700 shares) based on the Company's cumulative growth in "LTI Book Value per Share" and Radian's total stockholder return (TSR) as compared to the average TSR of a designated peer group, in each case over a three-year performance period. |
| (7) | The award was granted on May 17, 2023 and the award vests proportionately on the first, second and third anniversary of May 15, 2023. Shares reported outstanding are unvested and reflect the remaining one-third of the shares granted. |
| (8) | The award was granted on May 22, 2024 and the award vests proportionately on the first, second and third anniversary of May 15, 2024. Shares reported outstanding are unvested and reflect the remaining two-thirds of the shares granted. |
| (9) | The award was granted on May 21, 2025 and the award vests proportionately on the first, second and third anniversary of May 15, 2025. |