Michael S Smith, VOYA Financial Inc's See Remarks, recently acquired 2,924 shares of the company. The buys took place at prices ranging from $0.00 to $50.03 per share, on February 21, 2019. Smith now owns 88,554 shares of the company. Smith operates out of New York, NY. Some additional info was provided as follows:
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 stock units that were awarded as compensation.
The restricted stock units were awarded as compensation and converted to common stock on a 1 to 1 basis upon the vesting date.
Each stock unit represents a conditional right to receive one share of the company's common stock.
of the restricted stock units will vest on February 21, 2020, 1/3 on February 21, 2021 and 1/3 on February 21, 2022.
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 21, 2022) can range from 0% to 150% of the number presented above.
The options are subject to vesting conditions based on the achievement of certain cost saving targets. The options generally become exercisable one year following achievement of the relevant vesting condition.
To the extent that the relevant vesting condition discussed in footnote (6) has not been met by December 31, 2020, any unvested options will be forfeited.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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