Heather Lavallee (NYSE: VOYA) granted PSUs, RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Voya Financial executive Heather H. Lavallee reported multiple equity compensation transactions dated February 17, 2026. She acquired 79,664 Performance Stock Units and 65,180 Restricted Stock Units at no cost as part of her compensation program.
Footnotes state the performance stock units vest on February 20, 2029, with actual common shares delivered ranging from 0% to 150% of the units based on performance. The restricted stock units vest in three equal installments in 2027, 2028 and 2029 and convert 1-for-1 into common stock at vesting. She also exercised or converted derivative awards into 15,117 and 41,399 shares of common stock and disposed of 26,990 shares at $74.39 per share to satisfy tax obligations. A deferred savings plan balance of 5,792.38 issuer stock units, representing a right to receive the cash value of common shares upon separation, was also reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
56,516 shares exercised/converted
Mixed
8 txns
Insider
Lavallee Heather H.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 79,664 | $0.00 | -- |
| Exercise | Performance Stock Unit | 15,117 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 65,180 | $0.00 | -- |
| Exercise | Restricted Stock Units | 41,399 | $0.00 | -- |
| Exercise | Common Stock | 15,117 | $0.00 | -- |
| Exercise | Common Stock | 41,399 | $0.00 | -- |
| Tax Withholding | Common Stock | 26,990 | $74.39 | $2.01M |
| holding | Deferred Savings Plan Issuer Stock Units | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 267,215 shares (Direct);
Restricted Stock Units — 150,319 shares (Direct);
Common Stock — 91,542 shares (Direct);
Deferred Savings Plan Issuer Stock Units — 5,792.38 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 stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares 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. Each of these units represents a right to receive the cash value of one share of the company's common stock upon the reporting person's separation from the company. The reporting person may reallocate investments in these units to alternative investments in the future. Includes dividends of 106.546 shares.
FAQ
What did Heather H. Lavallee report in this VOYA Form 4 filing?
Heather H. Lavallee reported equity compensation activity, including grants of performance stock units and restricted stock units, plus derivative exercises and a share disposition to cover taxes. These transactions increased her equity-based incentives while partially reducing common shares for tax withholding.
How many performance and restricted stock units did VOYA grant to Heather Lavallee?
She received 79,664 Performance Stock Units and 65,180 Restricted Stock Units at no cash cost as compensation. These units represent future rights to shares of Voya common stock, subject to performance conditions and time-based vesting schedules over several years.
What is the vesting schedule for Heather Lavallee’s VOYA stock unit awards?
Performance stock units vest on February 20, 2029, with payout tied to performance factors. Restricted stock units vest one-third on February 16, 2027, one-third on February 15, 2028, and one-third on February 20, 2029, then convert 1-for-1 into common stock upon vesting.
How do the VOYA performance stock units work for Heather Lavallee?
Each performance stock unit may deliver common shares on the February 20, 2029 vesting date, depending on performance. The filing states actual shares delivered can range from 0% to 150% of the number of units granted, directly linking her potential payout to performance outcomes.
What are Heather Lavallee’s Deferred Savings Plan issuer stock units at VOYA?
She reported 5,792.38 Deferred Savings Plan issuer stock units. Each unit represents a right to receive the cash value of one share of Voya common stock upon her separation from the company, and she may reallocate these units into alternative investments in the future.