Voya 2013 Annual Report Download - page 317

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
Awards Outstanding
The following tables summarize the number of awards under the Omnibus Plan and ING Group share-based
compensation plans for the periods indicated:
RSUs
RSUs—Deal Incentive
Awards PSU Awards
(awards in millions)
Number of
Awards
Weighted
Average Grant
Date Fair Value
Number of
Awards
Weighted
Average Grant
Date Fair Value
Number of
Awards(1)
Weighted
Average Grant
Date Fair Value
Outstanding at December 31, 2012 .... — — — —
Converted at the time of the IPO ...... 1.6 $18.73 — $ — 0.6 $28.06
Granted .......................... — * 29.79 1.8 19.80 — —
Vested .......................... — * 18.98 (0.9) 20.13 — * 28.06
Forfeited ......................... — * 18.77 (0.1) 19.50 (0.1) 28.05
Outstanding at December 31, 2013 .... 1.6 $19.15 0.8 $19.50 0.5 $28.06
Awards expected to vest as of
December 31, 2013 .............. 1.6 $19.15 0.8 $19.50 0.5 $28.06
Unrecognized compensation cost ..... $22.4 $ 4.0 $ 4.8
Expected remaining weighted-average
period of expense recognition (in
years) ......................... 1.96 0.06 0.24
(1) Based upon performance through December 31, 2013, recipients of performance awards would be entitled
to 0.8 shares at the vesting date. The performance awards are included in the preceding table as if the
participants earn shares equal to 100% of the units granted.
* Less than 0.1.
The total fair value of shares vested for the year ended December 31, 2013 were $0.1, $17.9 and $0.3 for RSUs,
RSUs—Deal Incentive Awards, and PSU awards, respectively.
ING Group Awards Outstanding
(awards in millions) Stock Options RSUs PSU Awards
Year ended December 31, 2013 ................. 16.3 3.2 2.5
Year ended December 31, 2012 ................. 19.7 6.1 8.5
Year ended December 31, 2011 ................. 23.8 6.1 6.8
2013 Unrecognized compensation cost ............ $— $ 5.6 $ 8.8
2013 Expected remaining weighted-average period of
expense recognition (in years) ................. — 0.98 0.28
11. Shareholders’ Equity and Earnings per Common Share
Common Shares
Prior to April 11, 2013, the Company had custody of 100,207 shares of outstanding common stock, net of 79,120
shares held in Treasury. Refer to “Note 1. Business, Basis of Presentation and Significant Accounting Policies”
to these Consolidated Financial Statements for more information about the IPO.
307