Michael S. Smith - Jul 7, 2022 Form 4 Insider Report for Voya Financial, Inc. (VOYA)

Role
Vice Chairman and Chief Financial Officer
Signature
/s/ Rachel Reid, Attorney-in-Fact
Stock symbol
VOYA
Transactions as of
Jul 7, 2022
Transactions value $
$0
Form type
4
Date filed
7/11/2022, 05:35 PM
Previous filing
Mar 2, 2022
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VOYA Common Stock 205K Jul 7, 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 Award $0 +11.8K +13.51% $0.00 98.8K Jul 7, 2022 Common Stock 11.8K Direct F1, F2
transaction VOYA Restricted Stock Units Award $0 +5.04K +11.51% $0.00 48.8K Jul 7, 2022 Common Stock 5.04K Direct F1, F3
holding VOYA Performance-Based Stock Options 182K Jul 7, 2022 Common Stock 182K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents a conditional right to receive one share of the company's common stock.
F2 The performance stock units (PSUs) use the Company's stock price as vesting hurdles over a three-year period ending June 30, 2025. There are six vesting hurdles ranging from $69.10 to $119.10, in $10 increments, with each hurdle providing for vesting of an amount of common shares equal to 25% of the PSUs granted, for a maximum number of shares delivered equal to 150% of the amount of PSUs granted. Consequently, the PSUs granted could result in delivery of a maximum of 17,631 shares of common stock. A hurdle is met when the Company's 30-day volume-weighted average stock price is equal to or greater than the hurdle amount, provided that no vesting may occur before July 1, 2023. Upon vesting, the recipient receives delivery of the relevant amount of shares only after the expiration of a one-year holding period from the vesting date, and will not receive any such shares if the recipient voluntarily terminates employment or is terminated for cause on or before such delivery date.
F3 1/3 of the restricted stock units will vest on July 1, 2023, 1/3 on July 1, 2024 and 1/3 on July 1, 2025.
F4 The options vest based on the conditions set forth in their respective agreements.

Remarks:

Vice Chairman and Chief Financial Officer