Radian appoints Michael Weinbach as CEO; Rick Thornberry to retire in August 2026

RADIAN GROUP INC

Weinbach named CEO-Elect effective June 1, 2026; becomes CEO and Board member on August 13, 2026.
Current CEO Richard Thornberry retires as CEO and Board member August 12, 2026; remains Strategic Advisor through Dec 31, 2026.
Weinbach previously President at Mr. Cooper and Wells Fargo Consumer Lending CEO; total target compensation from 2027 at least $9M.
Sign-on equity: $2.5M performance stock units and 150,000 time-based RSUs (subject to matching share purchase).
Board adopts 2026 Inducement Grant Equity Plan reserving 500,000 shares for inducement awards.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Weinbach

Chief Executive Officer

RDN · RADIAN GROUP INC

Effective: 2026-06-01
Filed: May 21, 2026, 5:26 PM ET

On May 21, 2026, the Board of Directors (the “ Board ”) of Radian Group Inc. (“ Radian ” or the “ Company ”) approved the appointment of Michael Weinbach, 52, as CEO-Elect, effective June 1, 2026, and subsequently as Chief Executive Officer and as a member of the Board, both effective August 13, 2026.

Departed

Richard G. Thornberry

Chief Executive Officer

RDN · RADIAN GROUP INC

Effective: 2026-08-12
Successor: Michael Weinbach
Filed: May 21, 2026, 5:26 PM ET

Mr. Weinbach will succeed Richard G. Thornberry, the Company’s Chief Executive Officer, who will retire as Chief Executive Officer and resign as a member of the Board, in each case effective August 12, 2026.

Role change

Richard G. Thornberry

Strategic Advisor

RDN · RADIAN GROUP INC

Effective: 2026-08-13
Filed: May 21, 2026, 5:26 PM ET

Mr. Thornberry will remain employed by Radian as Strategic Advisor through December 31, 2026 when his employment agreement, amended as described below, terminates in connection with his retirement

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Weinbach was appointed as Chief Executive Officer at RADIAN GROUP INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 21, 2026, the Board of Directors (the “ Board ”) of Radian Group Inc. (“ Radian ” or the “ Company ”) approved the appointment of Michael Weinbach, 52, as CEO-Elect, effective June 1, 2026, and subsequently as Chief Executive Officer and as a member of the Board, both effective August 13, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard G. Thornberry departed as Chief Executive Officer at RADIAN GROUP INC.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

Mr. Weinbach will succeed Richard G. Thornberry, the Company’s Chief Executive Officer, who will retire as Chief Executive Officer and resign as a member of the Board, in each case effective August 12, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Richard G. Thornberry changed role as Strategic Advisor at RADIAN GROUP INC.

Role: Strategic Advisor

Exact text from the filing

Mr. Thornberry will remain employed by Radian as Strategic Advisor through December 31, 2026 when his employment agreement, amended as described below, terminates in connection with his retirement

View on SEC.gov

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-26-234920

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