Khalaf Michel 4

What Happened

• Michel Khalaf, President & CEO and Director of MetLife (MET), received two equity awards on 2026-02-24: 69,286 shares (RSU award under the 2025 plan) and 81,364 shares (performance share payout for 2023–2025 under the 2015 plan), a total of 150,650 shares. To satisfy tax withholding on the performance share payout, 43,004 shares were withheld (reported as a disposal) at $75.34 per share, valued at $3,239,921. The withholding is reported under code F (tax withholding), while the awards are reported under code A (award/acquisition).

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Awards: 69,286 RSUs (2025 plan) and 81,364 performance shares (2023–2025 payout) — total 150,650 shares acquired.
• Tax withholding/disposal: 43,004 shares withheld at $75.34/share = $3,239,921.
• Codes: A = award/grant (acquisition), F = shares withheld to meet tax liability (disposal).
• Shares owned after the transaction: not provided in the supplied filing details.
• Footnotes: F1 = RSU award under 2025 plan; F2 = performance share payout under 2015 plan; F3 = shares withheld to satisfy tax withholding on the performance share payout.

Context

• This filing reflects compensation-related awards and routine net share settlement for taxes (withholding), not an open-market sale. Withholding to cover taxes is common after vesting/payouts and does not necessarily indicate the insider is reducing their economic exposure. The filing appears timely (reported two days after the transactions).