Chetlur S Ragavan, VOYA Financial Inc's See Remarks, recently cashed-in 3,458 options. The options were exercised at $0.00, while the disposals took place between $49.95 and $50.28 per share, on dates ranging from February 22 to February 25, 2019. Ragavan continues to hold 34,567 shares of the company. Ragavan 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.
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 vesting can range from 0% to 150% of the number presented above.
The options vest based on the conditions set forth in their respective agreements.
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 above information was disclosed in a filing to the SEC. To see the filing, click here.
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