---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-181035"
form_type: "8-K"
ticker: "RDN"
cik: "0000890926"
company_name: "RADIAN GROUP INC"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T20:02:18.599420+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Radian Group eliminates Chief Franchise Officer role; McMahon to separate Sept 13, 2024

## Summary
- McMahon's employment involuntarily terminated without cause, effective Sept 13, 2024.
- Entitled to severance pay of $712,500 (1.5x base salary) plus $712,500 lump sum (1.5x STI target).
- Prorated STI award of approx $334,452 for 2024.
- 12-month non-compete and non-solicit after termination.
- COBRA benefit and outplacement services included in the agreement.

## SEC filing metadata
- accession: 0001193125-24-181035
- form_type: 8-K
- ticker: RDN
- cik: 0000890926
- company_name: RADIAN GROUP INC
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890926/000119312524181035/0001193125-24-181035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890926/000119312524181035/d811363d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-181035
- JSON: https://secwatch.observer/filing/0001193125-24-181035.json
- Plain text: https://secwatch.observer/filing/0001193125-24-181035.txt

## Source-grounded claims
- claim_id: e4eaada7b0
  claim: Brien J. McMahon was terminated as Senior Executive Vice President and Chief Franchise Officer at RADIAN GROUP INC.
  evidence_excerpt: Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the “Company”) was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/890926/000119312524181035/0001193125-24-181035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.