Radian Group Appoints Michael Weinbach as New CEO with $9M Annual Compensation Package

Radian Group Inc. announced the appointment of Michael Weinbach as CEO-Elect effective June 1, 2026, and as Chief Executive Officer and Board member effective August 13, 2026. He will succeed Richard G. Thornberry, who will retire as CEO and resign from the Board on August 12, 2026, but remain as Strategic Advisor through December 31, 2026. Weinbach previously served as President of Mr. Cooper Inc. and has extensive experience at Wells Fargo and JPMorgan Chase. The employment agreement provides Weinbach with a $1 million annual base salary, a 2026 short-term incentive target of $1.17 million, and long-term incentive awards including $6 million in performance-based RSUs for 2026. Beginning in 2027, his total target compensation will be at least $9 million annually. He also receives sign-on equity awards worth $8 million, including $2.5 million in performance stock units and $5.5 million in time-based restricted stock units. The company adopted a new 2026 Inducement Grant Equity Plan to facilitate these awards under NYSE Rule 303A.08. Thornberry's employment agreement was amended to provide for his transition to retirement, including a six-month consulting agreement starting January 2027 with monthly fees of $83,333.