Voya 2014 Annual Report Download - page 337

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table summarizes pre-tax share-based compensation costs, which includes costs related to awards
granted under the 2013 Omnibus Plan, Director Plan, Phantom Plan and ING Group share-based compensation
plans for the periods indicated:
Year Ended December 31,
2014 2013 2012(2)
RSUs(1) ............................................. $ 45.4 $24.2 $24.4
RSUs—Deal incentive awards ........................... 8.5 29.5 —
PSU awards(1) ........................................ 60.1 40.6 36.8
Stock options ........................................ — 0.8 5.2
Phantom Plans ....................................... 4.2 — —
Total ............................................... 118.2 95.1 66.4
Income tax benefit(3) ................................... 41.4 — —
Share-based compensation .............................. $ 76.8 $95.1 $66.4
(1) This table includes compensation costs of $6.9 and $14.9 of ING Group RSUs, respectively, for the years
ended December 31, 2014 and 2013. In addition, compensation costs of $30.6 and $24.5 of ING Group
LSPP PSU awards, respectively, for the years ended December 31, 2014 and 2013 are included as well.
(2) All compensation costs recognized during the period December 31, 2012 represent the Company’s allocated
portion of ING Group share-based compensation plans and ING Group stock option plans.
(3) The Company recognized no income tax benefit due to valuation allowances for the periods 2012 and 2013.
See the Income Taxes Note to these Consolidated Financial Statements for additional information.
Awards Outstanding
The following tables summarize the number of awards under the Omnibus 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 January 1, 2014 . . . 1.6 $19.15 0.8 $19.50 0.5 $28.06
Adjusted for PSU performance
factor ...................... N/A N/A N/A N/A 0.3 28.27
Granted ...................... 1.8 37.02 0.2 29.83 0.7 36.98
Vested ....................... (0.1) 21.05 (1.0) 21.15 (0.8) 28.30
Forfeited ..................... (0.1) 29.53 — * — (0.1) 35.35
Outstanding at December 31,
2014 ...................... 3.2 $28.80 — (2) $ — 0.6 $37.01
Awards expected to vest as of
December 31, 2014 ........... 3.2 $28.80 — $ — 0.6 $37.01
* Less than 0.1
(1) Based upon performance through December 31, 2014, recipients of performance awards would be entitled
to 133.0% of 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.
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