4//SEC Filing
Smith Michael S 4
Accession 0001127602-22-019198
CIK 0001535929other
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 5:35 PM ET
Size
10.3 KB
Accession
0001127602-22-019198
Insider Transaction Report
Form 4
Smith Michael S
See Remarks
Transactions
- Award
Restricted Stock Units
2022-07-07+5,037→ 48,787 total→ Common Stock (5,037 underlying) - Award
Performance Stock Unit
2022-07-07+11,754→ 98,774 total→ Common Stock (11,754 underlying)
Holdings
- 205,094
Common Stock
- 182,374
Performance-Based Stock Options
→ Common Stock (182,374 underlying)
Footnotes (4)
- [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.
Documents
Issuer
Voya Financial, Inc.
CIK 0001535929
Entity typeother
Related Parties
1- filerCIK 0001574979
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 5:35 PM ET
- Size
- 10.3 KB