Management Change/Compensation Form 8 K

As previously disclosed, on July 8, 2024, Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the "Company") was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024 ("Termination Date").

On July 13, 2024, Mr. McMahon and the Company entered into a Transition, Separation and Release Agreement (the "Transition Agreement") that will become effective on July 21, 2024, unless it is earlier revoked. Subject to the terms and conditions of the Transition Agreement, Mr. McMahon will be entitled to severance payments and other benefits that are consistent with the compensation and other benefits applicable to a "qualifying termination" under his previously disclosed Executive Severance Agreement and as described in the Company's Proxy Statement filed with the Securities and Exchange Commission on April 5, 2024. Mr. McMahon executed a release of claims against the Company in connection with entering into the Transition Agreement, and he must execute and not revoke a second release of claims against the Company on or after the Termination Date in order to receive the severance payments and other benefits under the Transition Agreement. Under the Transition Agreement, Mr. McMahon has agreed not to compete with the Company and not to solicit the Company's employees or customers for twelve months following his Termination Date. The foregoing summary of the Transition Agreement is not a complete description of all of the terms and conditions, and is qualified in its entirety by reference to the full text of the agreement which is filed as an exhibit to this Form 8-K.