Spehar Edward A. 4

4 · Brighthouse Financial, Inc. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Brighthouse (BHF) CFO Edward Spehar Receives Awards, Sells for Taxes

What Happened

Edward A. Spehar, CFO of Brighthouse Financial (BHF), received vested equity awards (PSUs and RSUs) and had shares withheld to cover taxes. Across transactions dated Feb 27 and Mar 2, 2026 he was credited with a total of 66,288 shares from awards/conversions (18,786; 13,658; 33,844). To satisfy tax withholding obligations he disposed of 15,373 shares in two withholding actions (8,877 shares on Feb 27 for $532,442 and 6,496 shares on Mar 2 for $389,630), totaling roughly $922,072. Several derivative conversions were recorded (exercise/conversion of derivatives), some of which were surrendered/settled at $0.00 as part of the vesting/net-settlement process.

Key Details

Transaction dates/prices:
- 2026-02-27: Award/acquisition 18,786 shares (A) @ $0.00; tax withholding disposed 8,877 shares (F) @ $59.98 ($532,442).
- 2026-03-02: Exercise/conversion net acquisition 13,658 shares (M); tax withholding disposed 6,496 shares (F) @ $59.98 ($389,630); additional derivative disposals of 3,976 / 5,444 / 4,238 shares at $0.00; award/acquisition 33,844 shares (A) @ $0.00.
Shares withheld for taxes: 15,373 shares (8,877 + 6,496) — cash value reported ≈ $922,072.
Shares acquired via vesting/conversion: 66,288 total (combining PSUs/RSUs conversions and grants).
Shares owned after the transactions: not specified in the provided excerpt of the Form 4 (see full filing for total beneficial ownership).
Notable footnotes:
- F1–F2: PSUs earned for 2023-2025 performance; shares withheld for taxes.
- F3–F9: RSU tranches (2023–2026 awards) vesting schedules; some tranches vested now, others vest in 2027–2029.
Filing timeliness: Form filed 2026-03-02 for transactions on 2026-02-27 and 2026-03-02 — filing appears timely.

Context

These entries reflect equity awards vesting (PSUs and RSUs) and related tax withholding, not an open-market purchase or sale motivated by trading strategy. Some derivative conversions/exercises were immediately settled/surrendered (zero-dollar dispositions), consistent with net settlement or withholding to cover taxes/obligations. Such administrative-withholding disposals are common when executive awards vest and do not necessarily indicate bullish or bearish sentiment.

Form 4

Period: 2026-02-27

EVP & Chief Financial Officer

Transactions

Award
Common Stock
[F1]
2026-02-27+18,786→ 66,128 total
Tax Payment
Common Stock
[F2]
2026-02-27$59.98/sh−8,877$532,442→ 57,251 total
Exercise/Conversion
Common Stock
[F3][F4]
2026-03-02+13,658→ 70,909 total
Tax Payment
Common Stock
[F5]
2026-03-02$59.98/sh−6,496$389,630→ 64,413 total
Exercise/Conversion
Restricted Stock Units
[F4][F6]
2026-03-02−3,976→ 0 total
→ Common Stock (3,976 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F7]
2026-03-02−5,444→ 5,445 total
→ Common Stock (5,444 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-03-02−4,238→ 8,474 total
→ Common Stock (4,238 underlying)
Award
Restricted Stock Units
[F4][F9]
2026-03-02+33,844→ 33,844 total
→ Common Stock (33,844 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 the 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 Edward A. Spehar|2026-03-02

1 file