Short answer
RADIAN GROUP INC (RDN) filed an 8-K current report with the SEC on May 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO succession: Michael Weinbach becomes CEO-Elect June 1 and CEO/director August 13, succeeding retiring CEO Richard Thornberry.
RADIAN GROUP INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO succession: Michael Weinbach becomes CEO-Elect June 1 and CEO/director August 13, succeeding retiring CEO Richard Thornberry
- Weinbach’s 2026 compensation includes $1M salary, $1.167M STI target, $6M performance RSUs, and $8M sign-on equity
- Target annual compensation guaranteed at least $9M from 2027, increasing fixed executive compensation commitments
- Equity awards tied to 35% target growth in LTI Book Value per Share, with payouts ranging from 0% to 200%
- Thornberry remains Strategic Advisor through December 31, followed by consulting at $83,333 monthly through June 30, 2027
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