<SEC-DOCUMENT>0001062993-23-011279.txt : 20230516
<SEC-HEADER>0001062993-23-011279.hdr.sgml : 20230516
<ACCEPTANCE-DATETIME>20230516190753
ACCESSION NUMBER:		0001062993-23-011279
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230513
FILED AS OF DATE:		20230516
DATE AS OF CHANGE:		20230516

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Thornberry Richard G
		CENTRAL INDEX KEY:			0001699782

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		23929259

	MAIL ADDRESS:	
		STREET 1:		RADIAN
		STREET 2:		1601 MARKET ST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		550 EAST SWEDESFORD ROAD
		STREET 2:		SUITE 350
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		550 EAST SWEDESFORD ROAD
		STREET 2:		SUITE 350
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
<TEXT>
<XML>
<?xml version="1.0"?>
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    <schemaVersion>X0407</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-05-13</periodOfReport>

    <issuer>
        <issuerCik>0000890926</issuerCik>
        <issuerName>RADIAN GROUP INC</issuerName>
        <issuerTradingSymbol>RDN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001699782</rptOwnerCik>
            <rptOwnerName>Thornberry Richard G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RADIAN GROUP INC.</rptOwnerStreet1>
            <rptOwnerStreet2>550 E SWEDESFORD ROAD, #350</rptOwnerStreet2>
            <rptOwnerCity>WAYNE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19087</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                    <value>D</value>
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            <securityTitle>
                <value>Common Stock</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                    <footnoteId id="F11"/>
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                <transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>581525</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-05-15</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>156450</value>
                    <footnoteId id="F6"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F11"/>
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                <transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>737975</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
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                <value>2023-05-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                    <value>85515</value>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>25.04</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units - Time-based Award</value>
            </securityTitle>
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            <transactionAmounts>
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                    <footnoteId id="F1"/>
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            </exerciseDate>
            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
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                    <footnoteId id="F2"/>
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                <transactionAcquiredDisposedCode>
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                <footnoteId id="F9"/>
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            <expirationDate>
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            <underlyingSecurity>
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                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
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                <transactionAcquiredDisposedCode>
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                    <footnoteId id="F5"/>
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                    <value>D</value>
                </directOrIndirectOwnership>
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                <transactionCode>M</transactionCode>
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                    <value>156450</value>
                    <footnoteId id="F6"/>
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                <transactionPricePerShare>
                    <footnoteId id="F12"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2023-05-15</value>
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            <expirationDate>
                <footnoteId id="F12"/>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>156450</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 13, 2020.</footnote>
        <footnote id="F2">Represents the shares distributed to satisfy the tax liability incurred upon the vesting of the performance-based RSU award granted May 13, 2020, which are subject to a one-year post vest holding period.</footnote>
        <footnote id="F3">Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on May 13, 2020, shares withheld by the Company to satisfy the tax liability incurred upon the vesting of 403,280 performance-based RSUs granted May 13, 2020, net of which remain subject to a one year post-vest hold, and shares withheld by the Company to satisfy the exercise price and tax liability of a stock option exercise of an award expiring on May 13, 2023.</footnote>
        <footnote id="F4">Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 12, 2021.</footnote>
        <footnote id="F5">Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 11, 2022.</footnote>
        <footnote id="F6">Represents distribution of shares of common stock related to RSUs that were granted May 15, 2019, which vested on May 15, 2022 and were subject to a one-year post-vest hold.</footnote>
        <footnote id="F7">Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the time-based RSUs granted on May 12, 2021 and May 11, 2022, as well as shares withheld by the Company to satisfy the tax liability incurred upon the distribution of the performance-based RSUs granted May 15, 2019, following completion of the one-year hold period after vesting of the RSUs.</footnote>
        <footnote id="F8">Includes an aggregate 1,183 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2022 and December 31, 2022.</footnote>
        <footnote id="F9">Vesting occurred on the third anniversary of the grant date based on satisfaction of performance metrics.</footnote>
        <footnote id="F10">Pursuant to the terms of the Company's equity incentive plan, represents net shares subject to a one-year post vest hold upon vesting of 403,280 performance-based RSUs granted May 13, 2020.</footnote>
        <footnote id="F11">Each RSU represents a contingent right to receive one share of common stock.</footnote>
        <footnote id="F12">Not Applicable</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact</signatureName>
        <signatureDate>2023-05-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
