Voya Financial (VOYA) insider reports equity grants, vesting and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Voya Financial insider Thompson Brannigan C reported equity compensation activity involving performance stock units, restricted stock units, and common shares. He received 14,965 performance stock units and 12,244 restricted stock units as compensation awards, with no cash paid for the grants.
Some previously awarded units were converted into common stock through derivative exercises, adding 793 and 4,925 common shares in separate transactions. To cover tax obligations tied to these equity events, 2,661 shares of common stock were disposed of at $74.39 per share. After these transactions, he directly owned 10,796 shares of Voya common stock. Footnotes state that performance unit payouts can range from 0% to 150% of the reported amount based on performance, with vesting dates extending to February 20, 2029, and restricted stock units vesting in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,718 shares exercised/converted
Mixed
8 txns
Insider
Thompson Brannigan C
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 14,965 | $0.00 | -- |
| Exercise | Performance Stock Unit | 793 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,244 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,925 | $0.00 | -- |
| Exercise | Common Stock | 793 | $0.00 | -- |
| Exercise | Common Stock | 4,925 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,661 | $74.39 | $198K |
| holding | Performance-Based Stock Options | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 32,465 shares (Direct);
Restricted Stock Units — 26,368 shares (Direct);
Common Stock — 8,532 shares (Direct);
Performance-Based Stock Options — 3,617 shares (Direct)
Footnotes (1)
- 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 and performance stock units that were awarded as compensation. The stock units will vest based on their respective award agreements. The number of shares of common stock that will be delivered for each performance unit depends on the achievement of certain performance factors. Depending on actual performance, the number of common stock delivered upon the vesting date (February 20, 2029) can range from 0% to 150% of the number presented above. The performance stock units were awarded as compensation and converted to common stock based on the achievement of certain performance factors. 1/3 of the restricted stock units will vest on February 16, 2027, 1/3 on February 15, 2028 and 1/3 on February 20, 2029. The restricted stock units were awarded as compensation and converted to common stock on a 1 to 1 basis upon the vesting date. The options vest based on conditions set forth in their respective agreements.
FAQ
What equity awards did Thompson Brannigan C receive from Voya Financial (VOYA)?
Thompson Brannigan C received performance stock units and restricted stock units as compensation. The filing shows 14,965 performance stock units and 12,244 restricted stock units were granted with no cash consideration, forming part of his long-term incentive compensation in Voya Financial stock.
How do the Voya Financial (VOYA) performance stock units for Thompson Brannigan C vest?
The performance stock units vest based on achievement of specified performance factors. Footnotes state that shares delivered on February 20, 2029 can range from 0% to 150% of the 14,965 units reported, depending on how Voya Financial performs against those metrics.
What is the vesting schedule for Thompson Brannigan C’s restricted stock units at Voya (VOYA)?
The restricted stock units vest in three equal annual installments. According to the disclosure, one-third vests on February 16, 2027, one-third on February 15, 2028, and the final third on February 20, 2029, then convert into Voya common stock on a one-for-one basis.
What derivative holdings does Thompson Brannigan C have in Voya Financial (VOYA) after this Form 4?
The disclosure shows ongoing derivative holdings including performance stock units, restricted stock units, and performance-based stock options. For example, it lists 36,617 performance-based stock options remaining, which vest according to conditions in their respective award agreements specified in the footnotes.