WAYNE, Pa.--(BUSINESS WIRE)--Jun. 3, 2026-- 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’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.

As previously announced, Mr. Weinbach has been appointed as Radian'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.

Effective on the Employment Date, Mr. Weinbach was granted the following inducement equity awards under the 2026 Inducement Grant Equity Plan:

(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,

(2) 77,090 performance-based restricted stock units as a sign-on award, with the same terms and conditions of the BV RSUs, and

(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.

About Radian

Radian Group Inc. (NYSE: RDN) 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 radian.com to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603670443/en/

For Investors:
Bob Lally – Phone: 215.231.1570
Email: robert.lally@radian.com

For the Media:
Rashi Iyer - Phone 215.231.1167
Email: rashi.iyer@radian.com

Source: Radian Group Inc.