Form 4: Voya Financial Officer Reports Acquisition of Deferred Savings Plan Issuer Stock Units

Heather H. Lavallee, a Voya Financial officer, reported the acquisition of deferred savings plan issuer stock units on May 31, 2024.

Summary

• On May 31, 2024, Heather H. Lavallee, President and CEO of Voya Financial, reported a transaction involving the acquisition of derivative securities.
• Specifically, Lavallee acquired 6.265 Deferred Savings Plan Issuer Stock Units, each representing the right to receive the cash value of one share of Voya Financial's common stock upon separation from the company.
• The price of the derivative security was $75.82, resulting in a total value of $5,461.046.
• Following the reported transaction, Lavallee directly owns 5,461.046 derivative securities in the form of Deferred Savings Plan Issuer Stock Units.
• Lavallee also holds 181,431 Performance Stock Units and 89,688 Restricted Stock Units, both of which will convert to common stock based on the achievement of certain performance factors.
• Lavallee directly owns 29,918 shares of Voya Financial common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. There are no explicit positive or negative implications.

Positives

• The acquisition of Deferred Savings Plan Issuer Stock Units indicates a continued investment in the company by a key executive.

Future Outlook

The performance stock units and restricted stock units will convert to common stock based on the achievement of certain performance factors, which could impact Lavallee's future holdings.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company officer, which is common in the financial services industry.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence as it demonstrates continued investment by a key executive.

Key Dates