Christine Hurtsellers - Feb 20, 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
Stock symbol
VOYA
Transactions as of
Feb 20, 2023
Transactions value $
-$4,487,891
Form type
4
Date filed
2/23/2023, 07:36 PM
Previous filing
Dec 15, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOYA Common Stock Options Exercise $0 +20.6K +35.2% $0.00 79.1K Feb 20, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$692K -9.29K -11.74% $74.44 69.8K Feb 20, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +5.94K +8.51% $0.00 75.8K Feb 20, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$203K -2.73K -3.6% $74.44 73K Feb 20, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +6.4K +8.77% $0.00 79.4K Feb 21, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$205K -2.75K -3.46% $74.44 76.7K Feb 21, 2023 Direct
transaction VOYA Common Stock Options Exercise $0 +5.43K +7.08% $0.00 82.1K Feb 22, 2023 Direct F1
transaction VOYA Common Stock Tax liability -$172K -2.34K -2.85% $73.34 79.8K Feb 22, 2023 Direct
transaction VOYA Common Stock Sale -$1.84M -25K -31.34% $73.64 54.8K Feb 22, 2023 Direct F2, F3
transaction VOYA Common Stock Options Exercise $0 +650 +1.19% $0.00 55.4K Feb 22, 2023 Direct F4
transaction VOYA Common Stock Tax liability -$47.7K -650 -1.17% $73.34 54.8K Feb 22, 2023 Direct F4
transaction VOYA Common Stock Sale -$1.33M -18K -32.91% $73.69 36.7K Feb 23, 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 -20.6K -25.01% $0.00 61.8K Feb 20, 2023 Common Stock 20.6K Direct F5
transaction VOYA Restricted Stock Units Options Exercise $0 -5.94K -14.83% $0.00 34.1K Feb 20, 2023 Common Stock 5.94K Direct F6
transaction VOYA Restricted Stock Units Options Exercise $0 -6.4K -18.76% $0.00 27.7K Feb 21, 2023 Common Stock 6.4K Direct F6
transaction VOYA Restricted Stock Units Options Exercise $0 -5.43K -19.57% $0.00 22.3K Feb 22, 2023 Common Stock 5.43K Direct F6
transaction VOYA Performance Stock Unit Award $0 +19.3K +31.29% $0.00 81.1K Feb 22, 2023 Common Stock 19.3K Direct F7, F8
transaction VOYA Restricted Stock Units Award $0 +15.8K +70.93% $0.00 38.1K Feb 22, 2023 Common Stock 15.8K Direct F7, F9
transaction VOYA Restricted Stock Units Options Exercise $0 -650 -1.71% $0.00 37.5K Feb 22, 2023 Common Stock 650 Direct F4, F7
holding VOYA Performance-Based Stock Options 111K Feb 20, 2023 Common Stock 111K 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