Mary E. “Maliz” Beams, who departed Oct. 15 as Voya’s retirement and annuities division CEO, will receive all of her Voya Financial restricted and deferred shares that were set to fully vest over the next 27 to 39 months, financial filings show.
Under the separation agreement, made public Friday in SEC documents, Beams will maintain full participation in restricted grants and awards totaling nearly 115,000 shares of Voya stock vesting in 2017 and 2018. She will also hang onto a $1.5 million deal incentive award that is in a holding period until the end of 2015.
In addition, Beams will receive cash payments for nearly 25,000 performance and deferred shares of ING Group — the former parent company of Voya.
Voya will also pay Beams her monthly base salary of approximately $57,000 through Dec. 31, 2014, and $68,653 for 204 hours of accrued paid time off.
The company has said Beams left to pursue other opportunities, though it did not disclose them.
Voya Chairman and CEO Rodney O. Martin Jr. took over Beam’s responsibilities.
