Christine Hurtsellers - 20 Feb 2023 Form 4 Insider Report for Voya Financial, Inc. (VOYA)

Role
CEO, Investment Management | Exhibit List: Exhibit 24 - Power of Attorney
Signature
/s/ My Chi To, Attorney-in-Fact
Issuer symbol
VOYA
Transactions as of
20 Feb 2023
Net transactions value
-$4,487,891
Form type
4
Filing time
23 Feb 2023, 19:36:56 UTC
Previous filing
15 Dec 2022
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOYA Common Stock Options Exercise $0 +20,597 +35% $0.000000 79,107 20 Feb 2023 Direct F1
transaction VOYA Common Stock Tax liability $691,548 -9,290 -12% $74.44 69,817 20 Feb 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +5,942 +8.5% $0.000000 75,759 20 Feb 2023 Direct F1
transaction VOYA Common Stock Tax liability $202,923 -2,726 -3.6% $74.44 73,033 20 Feb 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +6,404 +8.8% $0.000000 79,437 21 Feb 2023 Direct F1
transaction VOYA Common Stock Tax liability $204,784 -2,751 -3.5% $74.44 76,686 21 Feb 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +5,427 +7.1% $0.000000 82,113 22 Feb 2023 Direct F1
transaction VOYA Common Stock Tax liability $171,762 -2,342 -2.9% $73.34 79,771 22 Feb 2023 Direct
transaction VOYA Common Stock Sale $1,840,942 -25,000 -31% $73.64 54,771 22 Feb 2023 Direct F2, F3
transaction VOYA Common Stock Options Exercise $0 +650 +1.2% $0.000000 55,421 22 Feb 2023 Direct F4
transaction VOYA Common Stock Tax liability $47,671 -650 -1.2% $73.34 54,771 22 Feb 2023 Direct F4
transaction VOYA Common Stock Sale $1,328,260 -18,026 -33% $73.69 36,745 23 Feb 2023 Direct F2, F3

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 -20,597 -25% $0.000000 61,764 20 Feb 2023 Common Stock 20,597 Direct F5
transaction VOYA Restricted Stock Units Options Exercise $0 -5,942 -15% $0.000000 34,131 20 Feb 2023 Common Stock 5,942 Direct F6
transaction VOYA Restricted Stock Units Options Exercise $0 -6,404 -19% $0.000000 27,727 21 Feb 2023 Common Stock 6,404 Direct F6
transaction VOYA Restricted Stock Units Options Exercise $0 -5,427 -20% $0.000000 22,300 22 Feb 2023 Common Stock 5,427 Direct F6
transaction VOYA Performance Stock Unit Award $0 +19,328 +31% $0.000000 81,092 22 Feb 2023 Common Stock 19,328 Direct F7, F8
transaction VOYA Restricted Stock Units Award $0 +15,818 +71% $0.000000 38,118 22 Feb 2023 Common Stock 15,818 Direct F7, F9
transaction VOYA Restricted Stock Units Options Exercise $0 -650 -1.7% $0.000000 37,468 22 Feb 2023 Common Stock 650 Direct F4, F7
holding VOYA Performance-Based Stock Options 110,874 20 Feb 2023 Common Stock 110,874 Direct F10
* 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 9, 2021.
F3 The transaction was executed in multiple trades at prices ranging from $73.20 to $74.56 to $74.34. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or security holder of the issuer, full information regarding the shares sold at each separate price.
F4 FICA tax withholding on the grant of restricted stock units.
F5 The performance stock units were awarded as compensation and converted to common stock based on the achievement of certain performance factors.
F6 The restricted stock units were awarded as compensation and converted to common stock on a 1 to 1 basis upon the vesting date.
F7 The stock units will vest based on their respective award agreements.
F8 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 17, 2026) can range from 0% to 150% of the number presented above.
F9 1/3 of the restricted stock units will vest on February 20, 2024, 1/3 on February 18, 2025 and 1/3 on February 17, 2026.
F10 The options vest based on the conditions set forth in their respective agreements.

Remarks:

CEO, Investment Management | Exhibit List: Exhibit 24 - Power of Attorney