
Radian Group Inc. (NYSE:RDN) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach&#39;s

<p xmlns="http://www.w3.org/1999/xhtml">
Radian Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDN">RDN</a>) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach's employment agreement and issued pursuant to the employment inducement award exemption to the stockholder approval requirements under New York Stock Exchange Listed Company Manual Section 303A.08. Radian is issuing this press release pursuant to the requirements of Section 303A.08.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As previously announced, Mr. Weinbach has been appointed as Radian&#39;s Chief Executive Officer-Elect, effective June 1, 2026 ("Employment Date"), and will assume the role of Chief Executive Officer and become a member of the Board of Directors on August 13, 2026, succeeding Rick Thornberry, who announced his intent to retire effective December 31, 2026. Mr. Weinbach is a seasoned financial services executive with more than 30 years of experience, having most recently served as President of Mr. Cooper Group and, prior to that, as CEO of Consumer Lending at Wells Fargo and CEO of Chase Home Lending at JPMorgan Chase.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Effective on the Employment Date, Mr. Weinbach was granted the following inducement equity awards under the 2026 Inducement Grant Equity Plan:

</p><p xmlns="http://www.w3.org/1999/xhtml">
(1) 185,020 performance-based restricted stock units as a 2026 annual long-term incentive award (the "BV RSUs"), subject to performance-based vesting conditions consistent with those applicable to the annual 2026 performance-based long-term incentive awards granted to the Company's other executive officers,

</p><p xmlns="http://www.w3.org/1999/xhtml">
(2) 77,090 performance-based restricted stock units as a sign-on award, with the same terms and conditions of the BV RSUs, and

</p><p xmlns="http://www.w3.org/1999/xhtml">
(3) 150,000 time-based restricted stock units as a sign-on award, which will vest in three substantially equal annual installments over three years, subject to his continued employment and a requirement that he "match" the award by timely purchasing the same number of shares of the Company's common stock by December 31, 2026. Mr. Weinbach has satisfied the "matching" condition, having purchased 170,000 shares of Radian common stock in the open market upon joining the company.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Radian</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Radian Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDN">RDN</a>) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.radian.com%2F&amp;esheet=54547170&amp;newsitemid=20260603670443&amp;lan=en-US&amp;anchor=radian.com&amp;index=1&amp;md5=82ed2ea9482d02f5a14f05720e374625" shape="rect">radian.com</a> to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260603670443r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260603670443/en/" rel="nofollow">https://www.businesswire.com/news/home/20260603670443/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">For Investors: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Bob Lally – Phone: 215.231.1570
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:robert.lally@radian.com" shape="rect">robert.lally@radian.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">For the Media: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Rashi Iyer - Phone 215.231.1167
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rashi.iyer@radian.com" shape="rect">rashi.iyer@radian.com</a>

</p>

Radian Announces Inducement Grants to Incoming Chief Executive Officer Under NYSE Rule 303A.08

Radian appoints Weinbach as CEO-Elect with substantial equity inducements

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Radian Group Inc. (NYSE:RDN) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach&amp;#39;s</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Radian disclosed inducement equity awards to Michael Weinbach as part of his CEO-Elect appointment, effective June 1, 2026, with him assuming the top role August 13, 2026 as Thornberry retires by year-end. The package includes 185,020 BV RSUs, 77,090 sign-on RSUs, and 150,000 time-based RSUs, and Weinbach has already purchased 170,000 shares. The awards comply with NYSE 303A.08.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>RDN grants inducement equity awards to CEO-Elect Michael Weinbach.</li><li>Weinbach named CEO-Elect; to assume CEO Aug 13, 2026.</li><li>BV RSUs: 185,020; sign-on RSUs: 77,090; time-based RSUs: 150,000.</li><li>Weinbach has purchased 170,000 shares; vesting subject to performance.</li><li>Inducement plan exempt from NYSE 303A.08 shareholder-approval rules.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Radian Group Inc. (RDN)</strong>: Direct subject; leadership change and inducement awards may influence governance, compensation, and future guidance.</li><li><strong>Mr. Cooper Group Inc. (COOP)</strong>: Weinbach previously served as President; informs leadership pedigree and strategic style.</li><li><strong>Wells Fargo &amp; Co (WFC)</strong>: Weinbach led Consumer Lending at Wells; provides background but limited direct impact on RDN.</li><li><strong>JPMorgan Chase &amp; Co (JPM)</strong>: Weinbach led Chase Home Lending; adds credibility but no immediate link to RDN fundamentals.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits due to formal leadership transition, NYSE-inducement awards, and governance implications for RDN.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Inducement equity awards increase potential share count starting 2026.</li><li>CEO transition timeline (June–Aug 2026) marks a governance milestone.</li><li>Performance-based and sign-on RSUs tie compensation to future results.</li><li>No immediate cash cost; dilution emerges via equity issuance over time.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>CEO-Elect Michael Weinbach appointment effective June 1, 2026; will become CEO Aug 13, 2026.</li><li>Rick Thornberry to retire December 31, 2026.</li><li>BV RSUs: 185,020; sign-on RSUs: 77,090; time-based RSUs: 150,000.</li><li>Time-based RSUs vest in three equal annual installments, subject to continued employment.</li><li>Weinbach purchased 170,000 shares of RDN in the open market upon joining.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Long-term upside from a leadership transition; near-term dilution risk due to new equity awards.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Radian Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDN">RDN</a>) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach's employment agreement and issued pursuant to the employment inducement award exemption to the stockholder approval requirements under New York Stock Exchange Listed Company Manual Section 303A.08. Radian is issuing this press release pursuant to the requirements of Section 303A.08.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As previously announced, Mr. Weinbach has been appointed as Radian&#39;s Chief Executive Officer-Elect, effective June 1, 2026 ("Employment Date"), and will assume the role of Chief Executive Officer and become a member of the Board of Directors on August 13, 2026, succeeding Rick Thornberry, who announced his intent to retire effective December 31, 2026. Mr. Weinbach is a seasoned financial services executive with more than 30 years of experience, having most recently served as President of Mr. Cooper Group and, prior to that, as CEO of Consumer Lending at Wells Fargo and CEO of Chase Home Lending at JPMorgan Chase.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Effective on the Employment Date, Mr. Weinbach was granted the following inducement equity awards under the 2026 Inducement Grant Equity Plan:

</p><p xmlns="http://www.w3.org/1999/xhtml">
(1) 185,020 performance-based restricted stock units as a 2026 annual long-term incentive award (the "BV RSUs"), subject to performance-based vesting conditions consistent with those applicable to the annual 2026 performance-based long-term incentive awards granted to the Company's other executive officers,

</p><p xmlns="http://www.w3.org/1999/xhtml">
(2) 77,090 performance-based restricted stock units as a sign-on award, with the same terms and conditions of the BV RSUs, and

</p><p xmlns="http://www.w3.org/1999/xhtml">
(3) 150,000 time-based restricted stock units as a sign-on award, which will vest in three substantially equal annual installments over three years, subject to his continued employment and a requirement that he "match" the award by timely purchasing the same number of shares of the Company's common stock by December 31, 2026. Mr. Weinbach has satisfied the "matching" condition, having purchased 170,000 shares of Radian common stock in the open market upon joining the company.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Radian</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Radian Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDN">RDN</a>) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.radian.com%2F&amp;esheet=54547170&amp;newsitemid=20260603670443&amp;lan=en-US&amp;anchor=radian.com&amp;index=1&amp;md5=82ed2ea9482d02f5a14f05720e374625" shape="rect">radian.com</a> to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260603670443r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260603670443/en/" rel="nofollow">https://www.businesswire.com/news/home/20260603670443/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">For Investors: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Bob Lally – Phone: 215.231.1570
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:robert.lally@radian.com" shape="rect">robert.lally@radian.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">For the Media: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Rashi Iyer - Phone 215.231.1167
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:rashi.iyer@radian.com" shape="rect">rashi.iyer@radian.com</a>

</p>

Radian disclosed inducement equity awards to Michael Weinbach as part of his CEO-Elect appointment, effective June 1, 2026, with him assuming the top role August 13, 2026 as Thornberry retires by year-end. The package includes 185,020 BV RSUs, 77,090 sign-on RSUs, and 150,000 time-based RSUs, and Weinbach has already purchased 170,000 shares. The awards comply with NYSE 303A.08.

Radian Announces Inducement Grants to Incoming Chief Executive Officer Under NYSE Rule 303A.08

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News