secwatch.observer — SEC 8-K summary
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Issuer:     Voya Financial, Inc. (VOYA)
CIK:        0001535929
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001535929-22-000064
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Voya appoints Heather Lavallee as CEO-Elect; Martin to become Executive Chairman in 2023
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- Heather Lavallee appointed President and CEO-Elect effective July 7; will become CEO on Jan 1, 2023.
- Martin becomes Executive Chairman Jan 1, 2023; base salary reduced 15% to $1.025M, term through Feb 29, 2024.
- Lavallee's base salary increased to $835,000; target ACIP $1.879M; LTIP target $4.801M; plus $5M one-time grant (80% PSUs).
- Other executives (Smith, Nelson, Hurtsellers) receive $1M LTIP grants (70% PSUs, 30% RSUs).
- Martin's employment agreement amended; ACIP and LTIP targets unchanged, severance unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/voya-20220707.htm
  HTML page:      https://secwatch.observer/filing/0001535929-22-000064

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