Document and Entity Information
Document and Entity Information | May 17, 2023 |
Cover [Abstract] | |
Entity Registrant Name | RADIAN GROUP INC |
Amendment Flag | true |
Entity Central Index Key | 0000890926 |
Document Type | 8-K/A |
Document Period End Date | May 17, 2023 |
Entity Incorporation State Country Code | DE |
Entity File Number | 1-11356 |
Entity Tax Identification Number | 23-2691170 |
Entity Address, Address Line One | 1500 Market Street |
Entity Address, City or Town | Philadelphia |
Entity Address, State or Province | PA |
Entity Address, Postal Zip Code | 19102 |
City Area Code | (215) |
Local Phone Number | 231-1000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $0.001 par value per share |
Trading Symbol | RDN |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Amendment Description | On May 23, 2023, Radian Group Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report, among other things, the annual grant of long-term incentive awards to the Company’s executive officers named in the 2022 Summary Compensation Table (“named executives”) of the Company’s 2023 Proxy Statement, filed with the Securities and Exchange Commission on March 31, 2023. This Amendment No. 1 to the Original Form 8-K is being filed solely to correct an inadvertent error in one of the reference points for the Relative TSR Modifier (as defined in the Original Form 8-K) applied to adjust the payout percentage under the performance based long-term incentive awards granted to the named executives. Specifically, the performance that correlates to a 25% Relative TSR Modifier was inadvertently reported as ≥10.0% and should have been reported as ≥10.5%. The corrected Item 5.02 is set forth below. In all other respects, the Original Form 8-K is unchanged. |