GILLIS RUTH ANN M 4
Research Summary
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Voya (VOYA) Director Ruth Ann M. Gillis Receives RSU Award
What Happened Ruth Ann M. Gillis, a director of Voya Financial, received an award of 2,062 restricted stock units (derivative securities) on 2026-05-21. The units were valued at $82.42 each, for a total reported value of $169,950. This was an award/grant (acquisition) rather than an open-market purchase or sale.
Key Details
- Transaction type: Grant / award of restricted stock units (Derivative, code A)
- Date and price: 2026-05-21 at $82.42 per unit (total $169,950)
- Vesting: 100% of the RSUs vest at 11:59 PM ET on the date of Voya’s 2027 Annual Meeting of Shareholders (per filing)
- Settlement features: Footnotes indicate each unit represents a conditional right to one share and may be payable in cash upon separation or an earlier in-service election; units may be reallocated to alternative investments.
- Shares owned after transaction: Not disclosed in the filing provided.
- Filing timeliness: Transaction reported on Form 4 filed 2026-05-26 for a 2026-05-21 grant — appears to be filed after the typical 2-business-day reporting window for insiders.
Context These awards are restricted stock units (RSUs)/deferred units — a derivative right to receive the economic value (or ultimately a share) rather than immediate share ownership. Vesting and potential cash settlement mean the director will not receive tradable shares until vesting or a qualifying distribution event. The grant is a routine director compensation event; the late filing could affect disclosure timeliness but does not by itself indicate trading intent.