secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2026-05-21T21:26:58+00:00
Accession:  0001193125-26-234920
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000119312526234920/0001193125-26-234920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000119312526234920/d67298d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-234920

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer