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Voya Financial, Inc.·4

Feb 19, 5:18 PM ET

Lavallee Heather H. 4

Research Summary

AI-generated summary

Updated

Voya CEO Heather Lavallee Exercises Awards, Covers Taxes ($2.01M)

What Happened

  • Heather Lavallee, President and CEO of Voya Financial (VOYA), had a mix of restricted and performance stock units convert/vest on Feb 17, 2026. The filing shows awards/derivative share conversions totaling multiple lots (79,664 and 65,180 shares awarded/converted and additional conversion entries of 15,117 and 41,399 shares). To cover tax withholding associated with the conversion/vesting, 26,990 shares were delivered/disposed at $74.39 per share, totaling about $2,007,786.
  • These were not open-market purchases or discretionary sales but compensation-related conversions/vests with a net share settlement to cover taxes.

Key Details

  • Transaction date: February 17, 2026; Form 4 filed Feb 19, 2026 (appears timely).
  • Main codes in the filing: A = award/grant, M = exercise/conversion of derivative, F = payment of tax liability (withheld/disposed shares).
  • Tax withholding: 26,990 shares disposed at $74.39 each = $2,007,786 (code F).
  • Awards/Conversions reported: granted/converted derivative shares of 79,664 and 65,180; additional conversion entries of 15,117 and 41,399 shares (see filing for line‑by‑line detail).
  • Shares owned after the transactions are not specified in the provided excerpt of this filing.
  • Footnotes: awards were compensation-related; some units are performance stock units (PSUs) that convert based on performance (0%–150% payout possible; vesting date cited as Feb 20, 2029), restricted stock units (RSUs) vest 1/3 on Feb 16, 2027, 1/3 on Feb 15, 2028, and 1/3 on Feb 20, 2029, and some units represent cash‑settled deferred units. Dividends included 106.546 shares per the filing.

Context

  • This looks like a standard compensation event: PSUs/RSUs converting to common stock, with a portion of shares withheld or delivered to satisfy tax obligations (a net share settlement), not a market sale signal. Such transactions are common when equity awards vest or performance awards convert; they reflect company compensation mechanics rather than an independent trading decision by the insider.