Radian Announces Inducement Grants to Incoming Chief Executive Officer Under NYSE Rule 303A.08
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.
