Corporate GovernanceMay 27, 2026, 04:37 PM
Radian Group Approves 2026 Equity Compensation Plan, Grants LTI Awards
AI Summary
Radian Group's stockholders approved the 2026 Equity Compensation Plan on May 21, 2026. Concurrently, the Compensation Committee granted 2026 Long-Term Incentive Awards to executive officers, including Named Executive Officers. These awards consist primarily of performance-based restricted stock units (BV RSUs) tied to LTI Book Value per Share growth and time-based restricted stock units, vesting over three years. The BV RSUs have a target payout based on performance and can be adjusted by a Relative TSR Modifier, with a maximum payout of 200% of the target.
Key Highlights
- Stockholders approved Radian's 2026 Equity Compensation Plan on May 21, 2026.
- Long-term incentive awards granted to executive officers under the new plan.
- Awards include performance-based (BV RSUs) and time-based restricted stock units.
- CEO Richard Thornberry received a target of 114,730 BV RSUs.
- BV RSUs vest May 25, 2029, based on LTI Book Value per Share growth.
- BV RSU payout can range from 0% to 200% of target.
- Relative TSR Modifier can adjust BV RSU payout by +/- 25%.
Price Impact
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