Steigerwalt Eric T 4

What Happened

• Eric T. Steigerwalt, President & CEO and director of Brighthouse Financial (BHF), reported stock award vesting and related share settlements. The filing shows PSUs and multiple RSU tranches vested, resulting in share acquisitions and related share disposals to cover tax obligations.
• Specifically, the filing reports: 75,577 shares from PSUs vested on 2026-02-27; on 2026-03-02 a mix of derivative conversions/vestings and awards resulted in additional share activity (35,564 and 109,411 shares reported as acquired in derivative/award entries). To cover tax withholding, 29,740 shares were disposed on 2026-02-27 for $59.98 each ($1,783,805) and 13,996 shares were disposed on 2026-03-02 for $59.98 each ($839,480). Total cash proceeds from the same-price disposals were about $2,623,285. Several other derivative disposals reported at $0 represent non-cash conversions/settlements of awards.

Key Details

• Transaction dates and prices:
  • 2026-02-27: Award of 75,577 shares (PSUs); 29,740 shares withheld/sold at $59.98 for $1,783,805 (tax withholding).
  • 2026-03-02: Derivative conversions/vestings showing acquisition entries for 35,564 and 109,411 shares; 13,996 shares withheld/sold at $59.98 for $839,480; additional derivative disposals (10,283; 14,216; 11,065) reported at $0 (non-cash settlement).
• Total cash proceeds from sales to cover taxes: ~$2.62M (43,736 shares at $59.98).
• Footnotes: PSUs earned based on 2023–2025 performance (F1); several RSU tranches vested (F3–F8); shares withheld to cover taxes (F2, F5). Each RSU = one share (F4).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Form filed 2026-03-02 for transactions on 2026-02-27 and 2026-03-02 — the filing appears timely (not marked late).

Context

• These were not open-market purchases/sales driven by trade intent but awards vesting and standard tax-withholding / settlement mechanics. The disposals recorded at $59.98 are withholding sales to satisfy tax obligations; other $0 disposals reflect derivative conversions or internal settlement of RSUs/PSUs. Such award vestings and associated withholding are routine and do not necessarily signal the insider's view on the stock.