Michael S. Smith - 07 Jul 2022 Form 4 Insider Report for Voya Financial, Inc. (VOYA)

Role
Vice Chairman and Chief Financial Officer
Signature
/s/ Rachel Reid, Attorney-in-Fact
Issuer symbol
VOYA
Transactions as of
07 Jul 2022
Net transactions value
$0
Form type
4
Filing time
11 Jul 2022, 17:35:34 UTC
Previous filing
02 Mar 2022
Next filing
25 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VOYA Common Stock 205,094 07 Jul 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 +11,754 +14% $0.000000 98,774 07 Jul 2022 Common Stock 11,754 Direct F1, F2
transaction VOYA Restricted Stock Units Award $0 +5,037 +12% $0.000000 48,787 07 Jul 2022 Common Stock 5,037 Direct F1, F3
holding VOYA Performance-Based Stock Options 182,374 07 Jul 2022 Common Stock 182,374 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