Voya Financial Management

Management criteria checks 2/4

Voya Financial's CEO is Heather Lavallee, appointed in Jul 2022, has a tenure of 1.83 years. total yearly compensation is $8.72M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth €1.95M. The average tenure of the management team and the board of directors is 1.8 years and 3.3 years respectively.

Key information

Heather Lavallee

Chief executive officer

US$8.7m

Total compensation

CEO salary percentage	10.9%
CEO tenure	1.8yrs
CEO ownership	0.03%
Management average tenure	1.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Heather Lavallee's remuneration changed compared to Voya Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$754m
Dec 31 2023	US$9m	US$950k	US$589m
Sep 30 2023	n/a	n/a	US$661m
Jun 30 2023	n/a	n/a	US$579m
Mar 31 2023	n/a	n/a	US$489m
Dec 31 2022	US$8m	US$662k	US$474m
Sep 30 2022	n/a	n/a	US$682m
Jun 30 2022	n/a	n/a	US$659m
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$4m	US$497k	US$2b

Compensation vs Market: Heather's total compensation ($USD8.72M) is above average for companies of similar size in the German market ($USD3.35M).

Compensation vs Earnings: Heather's compensation has been consistent with company performance over the past year.

CEO

Heather Lavallee (53 yo)

1.8yrs

Tenure

US$8,722,372

Compensation

Ms. Heather Hamilton Lavallee serves as President & Director at Voya Financial, Inc. since July 07, 2022. She serves as Chief Executive Officer at Voya Financial, Inc. since January 01, 2023. She was Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Heather Lavallee	President	1.8yrs	US$8.72m	0.030% $ 1.9m
Donald Templin	Executive VP & CFO	1.5yrs	US$5.19m	0.0042% $ 277.2k
Robert Grubka	Chief Executive Officer of Workplace Solutions	3.2yrs	US$4.55m	0.040% $ 2.6m
Tony Oh	Chief Accounting Officer & Corporate Controller	1.7yrs	no data	no data
Santhosh Keshavan	Executive VP & Chief Information Officer	6.7yrs	no data	0.027% $ 1.8m
My To	Executive VP	1.7yrs	no data	0.0039% $ 258.0k
William Welch	Chief Compliance and Ethics Officer	no data	no data	no data
Paul Gennaro	Chief Communications Officer & Senior VP of Corporate Communications	9.3yrs	no data	no data
Brannigan Thompson	Executive VP & Chief Human Resources Officer	less than a year	no data	0.0037% $ 246.1k
Trevor Ogle	Executive VP and Chief Strategy	2.7yrs	no data	0.0095% $ 626.2k
Miles Edwards	Senior Vice President and Lead Operations for Retirement Business	7.8yrs	no data	no data
Matthew Toms	Chief Executive Officer of Voya Investment Management	less than a year	no data	0.011% $ 727.2k

1.8yrs

Average Tenure

50yo

Average Age

Experienced Management: V0Y's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Heather Lavallee	President	1.8yrs	US$8.72m	0.030% $ 1.9m
Ruth Ann Gillis	Independent Director	8.8yrs	US$276.51k	0.0071% $ 466.5k
David Zwiener	Independent Non-Executive Chair	11yrs	US$350.61k	0.0072% $ 471.8k
Aylwin Lewis	Independent Director	3.6yrs	US$285.01k	0.00048% $ 31.7k
Joseph Tripodi	Independent Director	9.1yrs	US$318.67k	0.011% $ 718.0k
Hikmet Ersek	Independent Director	1.2yrs	US$286.33k	0.00052% $ 34.3k
Robert Leary	Independent Director	less than a year	US$3.67m	no data
Stephen Bowman	Independent Director	1.2yrs	US$311.33k	0.00052% $ 34.3k
Kathleen DeRose	Independent Director	4.6yrs	US$322.21k	0% $ 0
Jane Chwick	Independent Director	10yrs	US$303.67k	0.0053% $ 349.7k
Lynne Biggar	Independent Director	2.2yrs	US$299.06k	0.015% $ 1.0m
Yvette Butler	Independent Director	3.1yrs	US$286.67k	no data

3.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: V0Y's board of directors are considered experienced (3.3 years average tenure).

Voya Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Voya Financial, Inc., Annual General Meeting, May 23, 2024

Voya Financial, Inc. Elects Robert Leary to the Board of Directors

Voya Financial, Inc. Appoints Matt Toms to the Executive Committee

Executive Chairman recently sold €4.6m worth of stock

Voya Financial, Inc. Names Brannigan Thompson Executive Vice President and Chief Human Resources Officer

Insider recently sold €1.2m worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$2.29 (vs US$0.71 in 1Q 2023)

Fourth quarter dividend of US$0.40 announced

Voya Financial, Inc. Declares a Common Stock Dividend for the Second Quarter of 2024, Payable on June 26, 2024

Voya Financial, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Voya Financial, Inc. Expands Nonqualified Defed Compensation Offering with New 'Business-Ready' Solution for Smaller-Sized Businesses

Voya Financial Expands Its Workplace Benefits Offerings with New Supplemental Health Insurance Solution

Upcoming dividend of US$0.40 per share at 2.3% yield

Voya Financial, Inc. Introduces Suite of Advice and Guidance Solutions with Launch of New Dual QDIA

Full year 2023 earnings released: EPS: US$5.61 (vs US$4.71 in FY 2022)

Third quarter dividend of US$0.40 announced

Voya Financial, Inc., Annual General Meeting, May 23, 2024

Voya Financial, Inc. Elects Robert Leary to the Board of Directors

Voya Financial, Inc. Appoints Matt Toms to the Executive Committee

Voya Financial, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Executive Chairman recently sold €4.6m worth of stock

Voya Financial, Inc. Announces the Launch of its New Employee Homepage Dashboard, the Latest Addition to the its Platform of Employee Wellness Solutions

Upcoming dividend of US$0.40 per share at 2.2% yield

Third quarter 2023 earnings released: EPS: US$2.35 (vs US$1.97 in 3Q 2022)

Voya Financial, Inc. Declares Common Stock Dividend for the fourth quarter of 2023, Payable on December 27, 2023

Voya Financial, Inc. Launches New Advisor Dashboard to Enhance Digital Retirement Plan Onboard Experience

Voya Financial, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Now 21% undervalued after recent price drop

Voya Financial, Inc. Announces Several New Enhancements to its Critical Illness and Accident Insurance Offerings

Upcoming dividend of US$0.40 per share at 2.3% yield

Voya Financial, Inc. Names Brannigan Thompson Executive Vice President and Chief Human Resources Officer

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: EPS: US$1.57 (vs US$0.63 in 2Q 2022)

Voya Financial, Inc. Declares Common Stock Dividend for the Third Quarter of 2023, Payable on September 27, 2023

Voya Financial, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Now 20% undervalued

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.20 per share at 1.1% yield

First quarter 2023 earnings released: EPS: US$0.71 (vs US$0.25 in 1Q 2022)

Insider recently sold €1.2m worth of stock

Upcoming dividend of US$0.20 per share at 1.0% yield

Full year 2022 earnings released: EPS: US$5.25 (vs US$17.81 in FY 2021)

Vista Equity Partners Management, LLC completed the acquisition of remaining stake in KnowBe4, Inc. (NasdaqGS:KNBE) ) from a group of shareholders.

Voya Financial, Inc., Annual General Meeting, May 25, 2023

Voya Financial, Inc. (NYSE:VOYA) completed the acquisition of Benefitfocus, Inc. (NasdaqGM:BNFT) from a group of shareholders.

Voya Financial, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Vice Chairman & Strategic Advisor recently sold €228k worth of stock

High number of new directors

Voya Financial, Inc. Announces Executive Changes

Voya Financial, Inc. Appoints Rob Grubka, Currently CEO, Health Solutions to the Expanded Role of CEO, Workplace Solutions

Upcoming dividend of US$0.20 per share

Voya Financial, Inc. Appoints Donald C. Templin as Executive Vice President

Third quarter 2022 earnings released: EPS: US$1.97 (vs US$1.26 in 3Q 2021)

Voya Financial, Inc. (NYSE:VOYA) entered into a definitive agreement to acquire Benefitfocus, Inc. (NasdaqGM:BNFT) from Indaba Capital Management, L.P., BuildGroup LLC and others for approximately $360 million.

Voya Financial, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on December 29, 2022

Voya Financial, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Voya Financial, Inc. Announces Launch of Workplace Benefits and Savings Connected Digital Platform, myVoyage

Voya Financial, Inc. Appoints My Chi to as Executive Vice President and Chief Legal Officer

Voya Financial, Inc. Appoints Tony D. Oh as Principal Accounting Officer, Effective September 19, 2022

Upcoming dividend of US$0.20 per share

Voya Financial, Inc. Announces Departure of Michael S. Smith as Chief Financial Officer

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$3.86 in 2Q 2021)

High number of new directors

Voya Financial, Inc. Declares Common Stock Dividend, Payable on September 29, 2022

Voya Financial, Inc. Announces Executive Changes

Voya Financial, Inc. Announces Executive Changes

Upcoming dividend of US$0.20 per share

Voya Financial, Inc. Appoints Stacy Hughes as Senior Vice President and Chief Information Security Officer

First quarter 2022 earnings released: EPS: US$0.26 (vs US$8.74 in 1Q 2021)

Voya Financial, Inc. Announces Departure of C. Landon Cobb as Senior Managing Director and Chief Accounting Officer

Voya Financial, Inc. to Report Q1, 2022 Results on May 03, 2022

Voya Financial Hires Jessica Saperstein as Chief Customer Experience Officer

Voya Financial, Inc. Appoints Lynne Biggar to Board of Directors

Insider recently sold €742k worth of stock

Upcoming dividend of US$0.20 per share