Radian names Michael Weinbach CEO-Elect; he succeeds Richard Thornberry as CEO on August 13, 2026
Radian Group's board appointed Michael Weinbach, former President of Mr. Cooper Inc., as CEO-Elect effective June 1, 2026, and as Chief Executive Officer and board member effective August 13, 2026. He succeeds Richard G. Thornberry, who retires as CEO and resigns from the board effective August 12, 2026, and will remain as Strategic Advisor through December 31, 2026.
Key points
- Michael Weinbach, 52, becomes CEO-Elect on June 1, 2026 and CEO on August 13, 2026
- Richard G. Thornberry retires as CEO and resigns from the board effective August 12, 2026
- Weinbach's CEO Employment Agreement runs through December 31, 2029 with a $1,000,000 base salary
- Sign-on awards include a $2,500,000 performance stock unit award and RSUs covering 150,000 shares valued up to $5,500,000
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.