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

Role
Executive Vice President, Chief Strategy, M&A Corporate Transactions Officer
Signature
/s/ My Chi To, Attorney-in-Fact
Stock symbol
VOYA
Transactions as of
Feb 20, 2023
Transactions value $
-$722,833
Form type
4
Date filed
2/24/2023, 07:36 AM
Previous filing
Feb 13, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOYA Common Stock Options Exercise $0 +3.68K +2202.4% $0.00 3.85K Feb 20, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$98.8K -1.33K -34.51% $74.44 2.52K Feb 20, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +1.59K +62.95% $0.00 4.1K Feb 20, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$45.3K -609 -14.84% $74.44 3.49K Feb 20, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +2.46K +70.46% $0.00 5.96K Feb 21, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$66.1K -888 -14.91% $74.44 5.07K Feb 21, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +2.04K +40.23% $0.00 7.11K Feb 22, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$54K -736 -10.36% $73.34 6.37K Feb 22, 2023 Direct
transaction VOYA Common Stock Sale -$363K -4.9K -76.93% $74.05 1.47K Feb 22, 2023 Direct F2, F3
transaction VOYA Common Stock Sale -$95.7K -1.3K -88.64% $73.47 167 Feb 23, 2023 Direct F2, F4
holding VOYA Common Stock 5.46K Feb 20, 2023 By 401(k) Plan F5

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 -3.68K -11.48% $0.00 28.4K Feb 20, 2023 Common Stock 3.68K Direct F6
transaction VOYA Restricted Stock Units Options Exercise $0 -1.59K -9.17% $0.00 15.7K Feb 20, 2023 Common Stock 1.59K Direct F7
transaction VOYA Restricted Stock Units Options Exercise $0 -2.46K -15.67% $0.00 13.2K Feb 21, 2023 Common Stock 2.46K Direct F7
transaction VOYA Restricted Stock Units Options Exercise $0 -2.04K -15.39% $0.00 11.2K Feb 22, 2023 Common Stock 2.04K Direct F7
transaction VOYA Performance Stock Unit Award $0 +12.1K +42.83% $0.00 40.5K Feb 22, 2023 Common Stock 12.1K Direct F8, F9
transaction VOYA Restricted Stock Units Award $0 +9.94K +88.69% $0.00 21.1K Feb 22, 2023 Common Stock 9.94K Direct F8, F10
holding VOYA Performance-Based Stock Options 12.5K Feb 20, 2023 Common Stock 12.5K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Delivery of the 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 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 September 9, 2022.
F3 This transaction was executed in multiple trades at prices ranging from $73.65 to $74.45. 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 separate price.
F4 The reporting person's Form 4, filed 10/31/2022, erroneously reported that 5,206 of the reporting person's vested shares were withheld to pay taxes. The number of shares actually withheld was 5,039. As a result, the reporting person owned 4,071 shares as of 10/28/2022. Additionally, on November 3, 2022, the reporting person sold 3,904 of the shares related to the Form 4 filed on 10/31/2022. See the reporting person's Form 4, filed 11/04/2022. The figure in Column 5 reflects the 167 held by the reporting person as of 11/03/2022.
F5 Includes automatic semi-monthly contributions to the reporting person's 401(k).
F6 The performance stock units were awarded as compensation and convert to common stock based on the achievement of certain performance factors.
F7 The restricted stock units were awarded as compensation and convert to common stock on a 1 to 1 basis upon the vesting date.
F8 The stock units will vest based on their respective award agreements.
F9 The number of common stock that will be delivered for each performance 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.
F10 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.
F11 The options vest based on conditions set forth in their respective agreements.

Remarks:

Executive Vice President, Chief Strategy, M&A Corporate Transactions Officer