Lambert Myles 4
4 · Brighthouse Financial, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Brighthouse (BHF) COO Lambert Myles Receives Awards, Exercises Options
What Happened
Lambert Myles, Chief Operating Officer of Brighthouse Financial (BHF), received vested equity awards (PSUs and RSUs) and completed conversions/exercises of derivative awards. The filing shows acquisitions of 57,970 shares across vesting/conversion events (12,955 shares on 2026-02-27 and 45,015 shares on 2026-03-02, including a reported 9,420-share conversion). To cover tax obligations, 11,443 shares were withheld/sold at $59.98 per share (6,600 and 4,843 shares), generating reported proceeds of $686,351. After accounting for the withheld/disposed shares, Myles’ net increase from these events is about 37,107 shares.
Key Details
- Transaction dates: 2026-02-27 and 2026-03-02; Form filed 2026-03-02 (appears timely).
- Share counts & values:
- Acquired: 12,955 (2/27, PSU vest) + 9,420 (3/2 conversion) + 35,595 (3/2 RSU/derivative payout) = 57,970 shares acquired.
- Withheld/disposed for taxes: 6,600 shares and 4,843 shares at $59.98 each = $395,868 + $290,483 = $686,351.
- Additional derivative disposals (2,742; 3,755; 2,923) total 9,420 shares reported as derivative dispositions (no cash value listed).
- Net new shares ≈ 37,107 (acquired minus disposed/withheld).
- Footnotes (high level):
- F1: 2023 PSUs vested based on 2023–2025 performance.
- F2/F5: Shares withheld to cover tax obligations.
- F3–F9: Payout/vesting schedule details for RSU tranches from 2023–2026 (some remaining tranches vest in 2027–2029).
- Shares owned after the transactions are not provided in the supplied data.
- Transaction codes explained: A = award/grant acquisition; M = exercise/conversion of derivative (conversion of RSUs/PSUs to common stock); F = shares withheld/used to pay taxes.
Context
- These transactions largely reflect routine vesting and conversion of equity compensation (PSUs and RSUs) and tax-withholding share dispositions rather than an open-market buy or sell decision. Tax-withholding sales are common and do not necessarily indicate the insider’s view on the stock.
- For retail investors, the material item is that the COO ended up with a substantial net increase in shares (~37k), driven by compensation vesting tied in part to prior performance goals.
Insider Transaction Report
Form 4
Lambert Myles
EVP, Chief Operating Officer
Transactions
- Tax Payment
Common Stock
[F2]2026-02-27$59.98/sh−6,600$395,868→ 45,211 total - Award
Common Stock
[F1]2026-02-27+12,955→ 51,811 total - Exercise/Conversion
Common Stock
[F3][F4]2026-03-02+9,420→ 54,631 total - Tax Payment
Common Stock
[F5]2026-03-02$59.98/sh−4,843$290,483→ 49,788 total - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-03-02−2,742→ 0 total→ Common Stock (2,742 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7]2026-03-02−3,755→ 3,755 total→ Common Stock (3,755 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-03-02−2,923→ 5,844 total→ Common Stock (2,923 underlying) - Award
Restricted Stock Units
[F4][F9]2026-03-02+35,595→ 35,595 total→ Common Stock (35,595 underlying)
Footnotes (9)
- [F1]Shares earned under the 2023 Performance Share Unit ("PSUs") award based on the achievement of performance goals over the 2023-2025 performance period.
- [F2]Shares withheld to cover tax obligations in connection with the vesting of PSUs.
- [F3]Payout of shares upon vesting of tranches of Restricted Stock Units ("RSUs") granted in March 2023, March 2024 and March 2025.
- [F4]Each RSU represents the contingent right to receive one share of Brighthouse Financial, Inc. common stock.
- [F5]Shares withheld to cover tax obligations in connection with the vesting of RSUs.
- [F6]Represents the vesting of the final tranche of the 2023 RSU award.
- [F7]Represents the vesting of the second of three tranches of the 2024 RSU award. The remaining tranche will vest on the first business day in March 2027.
- [F8]Represents vesting of the first of three tranches of the 2025 RSU award. The remaining tranches will vest in substantially equal installments on the first business day in March 2027 and March 2028.
- [F9]RSUs awarded in 2026 vest in three substantially equal installments on the first business day in March 2027, March 2028 and March 2029.
Signature
/s/ Jacob M. Jenkelowitz, Attorney-in-Fact, on behalf of Myles J. Lambert|2026-03-02