SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Insider Trends: Insider at Radian Group Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/12/2021 05:29

09:22 AM EDT, 05/12/2021 (MT Newswires) -- Richard G Thornberry, Director and CEO, exercised options/derivative securities for 207,149 shares of Radian Group (RDN) and sold 10,479 shares in the company for $247,304 to meet tax obligations on May 10, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 196,670 company shares. After the Form 4 filing with the SEC, Thornberry owns 337,427 shares of company stock, with a market value, based on the prior-day closing price, of $7.66 million. Additionally, Thornberry has been granted 252,441 stock options by the company which are in the money and carry a value of approximately $5,732,937 as of yesterday's closing price.

Over the last 90 days, prior to the date of this filing, there have been 2 insider transactions reported to the SEC for Radian Group. These transactions came from the activity of one insider that resulted in a net acquisition of 9,938 company shares. This compares with the preceding 90-day window of time where there were 2 transactions from 1 insider and resulted in the acquisition of 1,747 shares.

This level of insider transactions is below that of the peer group average in the 61-company Property & Casualty Insurance peer group over the last 90-day period. Peer group activity averaged 128.5 transactions per company, and disposition of 13,171 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/890926/000089092621000039/xslF345X03/edgar.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.