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Brighthouse Financial, Inc.·4

Mar 2, 6:24 PM ET

Lambert Myles 4

Research Summary

AI-generated summary

Updated

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.