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

Role
Executive Vice President, Chief Information Officer | Exhibit List: Exhibit 24 - Power of Attorney
Signature
/s/ My Chi To, Attorney-in-Fact
Stock symbol
VOYA
Transactions as of
Feb 20, 2023
Transactions value $
-$650,308
Form type
4
Date filed
2/23/2023, 08:45 PM
Previous filing
Jul 11, 2022
Next filing
Jul 5, 2023
SEC
View on sec.gov

Transactions Table

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 -2.87K -8.75% $0.00 30K Feb 20, 2023 Common Stock 2.87K Direct F4
transaction VOYA Restricted Stock Units Options Exercise $0 -1.24K -6.98% $0.00 16.5K Feb 20, 2023 Common Stock 1.24K Direct F5
transaction VOYA Restricted Stock Units Options Exercise $0 -2.53K -15.32% $0.00 14K Feb 21, 2023 Common Stock 2.53K Direct F5
transaction VOYA Restricted Stock Units Options Exercise $0 -2.14K -15.3% $0.00 11.9K Feb 22, 2023 Common Stock 2.14K Direct F5
transaction VOYA Performance Stock Unit Award $0 +13.5K +45.01% $0.00 43.5K Feb 22, 2023 Common Stock 13.5K Direct F6, F7
transaction VOYA Restricted Stock Units Award $0 +11K +93.2% $0.00 22.9K Feb 22, 2023 Common Stock 11K Direct F6, F8
holding VOYA Performance-Based Stock Options 35.6K Feb 20, 2023 Common Stock 35.6K Direct F9
* 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 ay 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 August 30, 2022.
F3 This transaction was executed in multiple trades at prices ranging from $73.65 to $74.48. 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 company, or a security holder of the company, full information regarding the shares sold at each seperate price.
F4 The performance stock units were awarded as compensation and convert to common stock based on the achievement of certain performance factors.
F5 The restricted stock units were awarded as compensation and converted to common stock based on the achievement of certain performance factors.
F6 The stock units will vest based on their respective award agreements.
F7 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.
F8 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.
F9 The options vest based on the conditions set forth in their respective agreements.

Remarks:

Executive Vice President, Chief Information Officer | Exhibit List: Exhibit 24 - Power of Attorney