Chetlur S Ragavan, VOYA Financial Inc's See Remarks, has just filed an initial statement of beneficial ownership where 34,567 shares of VOYA Financial Inc were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Ragavan. Ragavan operates out of New York, NY. Some additional info was provided as follows:
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.
The stock units will vest based on their respective award agreements.
The number of shares of common stock that will be del
ivered 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 can range from 0% to 150% of the number presented above.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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