Biggar Lynne 4

What Happened

• Lynne Biggar, a director of Voya Financial, exercised/converted derivative units on Feb 18, 2026 and acquired 197 shares at an exercise/conversion price of $74.51 per share, for a cash cost of $14,678. The filing also shows a corresponding derivative disposition of 197 units at $0, which reflects conversion of those units into shares rather than a market sale.
• This was an acquisition (not a sale); it appears to be the issuance/conversion of deferred director compensation into common shares.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-19 (timely).
• Acquired: 197 shares at $74.51 each — total cash paid $14,678.
• Disposed (derivative): 197 units at $0 — indicates conversion of derivative/award into shares.
• Shares owned after the transaction: Not specified in the Form 4 provided.
• Relevant footnotes from the filing:
  • F1: Shares issued under the Amended and Restated Director Deferred Fee Plan.
  • F2: Units represent rights to the cash value of one share upon separation or an elected in-service date.
  • F3: Includes dividend of 1.235 shares.
  • F4: Each stock unit is a conditional right to receive one share.
• No 10b5-1 plan, tax-withholding sale, or late filing indicated in this report.

Context

• This was not a cashless exercise/sell — the filing shows conversion/acquisition of shares from derivative units, not an immediate open-market sale. Conversions of deferred director awards into shares are common and typically reflect routine compensation-plan activity rather than a directional bet on the stock.