Voya Financial (NYSE: VOYA) CTO unloads 35,587 shares
Rhea-AI Filing Summary
Voya Financial, Inc. (VOYA) reported that Executive Vice President and Chief Technology Officer Santhosh Keshavan sold a total of 35,587 shares of common stock on August 21, 2026 in two open-market transactions under a Rule 10b5-1 trading plan. The weighted average sale prices were about $98.07 per share, with each transaction executed in multiple trades within disclosed price ranges. Following these sales, the reporting person continues to hold equity awards including restricted stock units, performance stock units, and performance-based stock options that are settled in Voya common stock subject to performance and vesting conditions.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 35,587 shares
Net Sell
5 txns
Insider
Keshavan Santhosh
Role
See Remarks
Sold
35,587 shs ($3.49M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 17,794 | $98.073 | $1.75M |
| Sale | Common Stock F1, F3 | 17,793 | $98.074 | $1.75M |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Performance Stock Unit F5 | -- | -- | -- |
| holding | Performance-Based Stock Options F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,342 shares (Direct);
Restricted Stock Units — 25,595 shares (Direct);
Performance Stock Unit — 61,003 shares (Direct);
Performance-Based Stock Options — 35,587 shares (Direct)
Footnotes (6)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $97.34 to $98.89. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the company, or a security holder of the company, full information regarding the shares sold at each seperate price.
- F3. This transaction was executed in multiple trades at prices ranging from $97.35 to $98.82. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the company, or a security holder of the company, full information regarding the shares sold at each seperate price.
- F4. The restricted stock units were awarded as compensation and will convert to common stock based on the achievement of certain performance factors.
- F5. The performance stock units were awarded as compensation and will convert to common stock based on the achievement of certain performance factors.
- F6. The options vest based on the conditions set forth in their respective agreements.
Key Figures
Shares sold (block 1): 17,794 shares
Shares sold (block 2): 17,793 shares
Total shares sold: 35,587 shares
+5 more
8 metrics
Shares sold (block 1)
17,794 shares
Common stock sale on August 21, 2026 at $98.073 weighted average
Shares sold (block 2)
17,793 shares
Common stock sale on August 21, 2026 at $98.074 weighted average
Total shares sold
35,587 shares
Aggregate common stock sold by the reporting person on August 21, 2026
Sale price (block 1)
$98.073 per share
Weighted average price; individual trades ranged from $97.34 to $98.89
Sale price (block 2)
$98.074 per share
Weighted average price; individual trades ranged from $97.35 to $98.82
RSU underlying shares
25,595 shares
Restricted stock units awarded as compensation, convert to common stock based on performance
Performance stock unit underlying shares
61,003 shares
Performance stock units awarded as compensation, convert to common stock based on performance
Performance-based stock options underlying shares
35,587 shares
Options vest based on conditions in their respective agreements
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, Performance Stock Unit, Performance-Based Stock Options
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"The restricted stock units were awarded as compensation and will convert to common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Unit financial
"The performance stock units were awarded as compensation and will convert to common stock"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Performance-Based Stock Options financial
"The options vest based on the conditions set forth in their respective agreements"
FAQ
What insider transaction did VOYA disclose for Santhosh Keshavan on August 21, 2026?
Santhosh Keshavan reported selling 35,587 shares of Voya Financial, Inc. common stock on August 21, 2026 in two open-market transactions, as disclosed in a Form 4.
Was the August 21, 2026 VOYA insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2026.
What VOYA equity awards does Santhosh Keshavan hold after the reported transactions?
Reported holdings include 25,595 underlying shares from restricted stock units, 61,003 underlying shares from performance stock units, and 35,587 underlying shares from performance-based stock options, all tied to Voya common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
