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