Clyde Landon Cobb Jr. - Feb 22, 2022 Form 4 Insider Report for Voya Financial, Inc. (VOYA)

Role
Chief Accounting Officer and Controller
Signature
/s/ Rachel Reid, Attorney-in-Fact
Stock symbol
VOYA
Transactions as of
Feb 22, 2022
Transactions value $
-$103,300
Form type
4
Date filed
2/24/2022, 07:41 PM
Previous filing
Dec 2, 2021
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOYA Common Stock Options Exercise $0 +4.83K +47.39% $0.00 15K Feb 22, 2022 Direct F1
transaction VOYA Common Stock Tax liability -$103K -1.51K -10.07% $68.32 13.5K Feb 22, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VOYA Performance Stock Unit Options Exercise $0 -2.04K -35.81% $0.00 3.66K Feb 22, 2022 Common Stock 2.63K Direct F2, F3
transaction VOYA Restricted Stock Units Options Exercise $0 -2.2K -50.88% $0.00 2.12K Feb 22, 2022 Common Stock 2.2K Direct F4
transaction VOYA Performance Stock Unit Award $0 +1.26K +34.31% $0.00 4.91K Feb 22, 2022 Common Stock 1.26K Direct F5, F6
transaction VOYA Restricted Stock Units Award $0 +1.61K +75.91% $0.00 3.73K Feb 22, 2022 Common Stock 1.61K Direct F5, F7
holding VOYA Performance-Based Stock Options 61K Feb 22, 2022 Common Stock 61K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Delivery of shares of the company's common stock was made to the reporting person without the payment of any consideration in connection with the vesting of the underlying restricted stock units and performance stock units that were awarded as compensation.
F2 The performance stock units were awarded as compensation and converted to common stock based on the achievement of certain performance factors.
F3 Awarded at 129% of target.
F4 The restricted stock units were awarded as compensation and converted to common stock on a 1 to 1 basis upon the vesting date.
F5 Each stock unit represents a conditional right to receive one share of the company's common stock.
F6 The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (February 22, 2025) can range from 0% to 150% of the number presented above.
F7 1/3 of the restricted stock units will vest on February 21, 2023, 1/3 on February 20, 2024 and 1/3 on February 18, 2025.
F8 The options vest based on the conditions set forth in their respective agreements.

Remarks:

Chief Accounting Officer and Controller